7 Forex Exchange in Kenya, Currency Exchange Rate from 1992 |education portal

Forex Exchange in Kenya, Currency Exchange Rate from 1992

Forex Exchange in Kenya, Currency Exchange Rate  from

1992  1 Usd  = 33 ksh

2021 1usd  = 105 ksh

Kenyan currency is made up of shillings and cents. There are 100 cents to a shilling.

About US Dollar (USD)

The US Dollar (Sign: $; ISO 4217 Alphabetic Code: USD; ISO 4217 Numeric Code: 840;), also referred to as Buck, bean, paper, dead president, smacker, and greenback. Plural: dough, bread, bones, simoleons, clams. Also, Washingtons, Jeffersons, Lincolns, Jacksons, Benjamins, Grants, and Hamiltons are used based on denomination; also peso in Puerto Rico, and piastre in Cajun Louisiana.. There are 2 minor units.The coins are 1c, 5c, 10c, 25c, 50c, $1, while the bank notes are $1, $2, $5, $10, $20, $50, $100

In October of 1992 the US dollar was worth about 33 shillings. By February 1993, the US dollar was about 66 shillings. The prices in Kenya had practically doubled overnight. A loaf of bread in Chamasiri Village was 7 shillings when I arrived in late December 1992 and literally doubled overnight to about 15 shillings in February 1993. The US government told Kenya to devalue their shilling if they wanted foreign aid.

The coins are in proportion with themselves and the notes are also in proportion with themselves. The coins are larger proportionally than the notes so you could see the coins better. This currency was used in the early 1990s when I was living in Kenya. In the mid 90s the currency went through a major change – the 10 and 20 shilling banknotes became bimetal coins. The 5 shilling coin is no longer a septagon, but a bimetal coin. The 50 cent and one shilling coins are now smaller sized brass colored coins.


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