Shilling feels heat of Donald Trump re-election

Kenya shilling has maintained its lustre as one of the best performing world currencies with its year-to-date gains of more than 17 percent.

Photo credit: Shutterstock

Renewed strength in the US dollar following the re-election of Donald Trump has put pressure on the Kenyan shilling, which is trading at a near four-month low against the greenback.

The local unit traded at Sh129.55 on Friday last week, compared to Sh129.19 on November 6, when it became clear that Trump had won the election to become America's next president.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.