The Uganda Shilling traded in the 3690/3700 as compared to opening levels of 3680/90 buying and selling respectively
In the inter-bank shilling market, overnight funds traded at an average of 7% while one week funds quoted at 10%, a slight indication of emerging tightness...
Trading during the week ended 21 June 2019 was in the range of 3690/3700 compared to Monday opening levels of 3715/3725.
By the close of business on Wednesday, the shilling was quoted trading at 3,754/3,764, slightly stronger than the opening session of 3,755/ 3,765 buying...
The Shilling indicates a range bound unit as market jitters related to the fiscal budget for 2019/20 build-up
In the opening session on Tuesday, forex bureaus in Kampala quoted the Shilling to be trading at 3,732.79/ 3,742.79 buying and selling respectively
According to BOU, limited exports have always been held responsible for the depreciation of the Shilling
The Shilling closed last week at 3,689/3,708 to the dollar from the previous weeks’ close
The Handshake on the impact of investors to the Ugandan Shilling.
“Outlook indicates a bullish shilling amidst anticipated thin demand"
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