Currency Rate
Kenyan Shilling to USD
Our Currency Rate KES latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the KES. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
KES 0.006864
Selling rate
KES0.008487
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The Kenyan shilling (symbol: KSh; code: KES) is the official currency of Kenya.
Currency Details
- Country code KE
- Symbol KES
- ISO Code KES
- Subunits 1 Shilling = 100 Cents
Coins
- 50 cents
- 1 shilling
- 5 shillings
- 10 shillings
- 20 shillings
Banknotes
- 50 shillings
- 100 shillings
- 200 shillings
- 500 shillings
- 1000 shillings
Kenyan Shilling (KES)
History and Background
The Kenyan Shilling has been the official currency of Kenya since independence in 1966. It is managed and issued by the Central Bank of Kenya.
Economic Significance
The KES is crucial to Kenya's economy, facilitating trade, investment, and daily transactions. Kenya's economy is primarily driven by agriculture, services, manufacturing, and tourism.
Usage and Exchange
The Kenyan Shilling is widely accepted across Kenya for all transactions. For international visitors and expatriates, exchanging foreign currency for Kenyan Shillings can be done at banks, exchange bureaus, and ATMs. Credit and debit cards are widely accepted, making transactions convenient for tourists.
Conclusion
The Kenyan Shilling is not just a currency; it is a symbol of Kenya's economic development, cultural heritage, and natural beauty. Understanding the KES is essential for anyone engaging with Kenya's economy, whether as a resident or a visitor. The stability and accessibility of the Kenyan Shilling play a significant role in the country's economic growth and development.
History and Background
The Kenyan Shilling has been the official currency of Kenya since independence in 1966. It is managed and issued by the Central Bank of Kenya.
Economic Significance
The KES is crucial to Kenya's economy, facilitating trade, investment, and daily transactions. Kenya's economy is primarily driven by agriculture, services, manufacturing, and tourism.
Usage and Exchange
The Kenyan Shilling is widely accepted across Kenya for all transactions. For international visitors and expatriates, exchanging foreign currency for Kenyan Shillings can be done at banks, exchange bureaus, and ATMs. Credit and debit cards are widely accepted, making transactions convenient for tourists.
Conclusion
The Kenyan Shilling is not just a currency; it is a symbol of Kenya's economic development, cultural heritage, and natural beauty. Understanding the KES is essential for anyone engaging with Kenya's economy, whether as a resident or a visitor. The stability and accessibility of the Kenyan Shilling play a significant role in the country's economic growth and development.