[quote=Rapudox]1€ = 114,9 Kshs????[/quote]

Or is it the euro gaining strength, since the USD1 - KES86.

[quote=guru267][quote=Rapudox]1€ = 114,9 Kshs????[/quote]

Its not Kshs weakness but rather its euro strength![/quote]

Happens everytime around elections, no? How do we make money from this?

The Euro move is all external. Nothing about us. Read "The Euro advanced against the Dollar to 8 month peak bolstered by better-than-expected German business confidence data and increasing optimism about debt-plagued Greece. There was also an year-end demand from Corporate and long term investors in thin trading conditions which also helped the single currency advance. It rose to highs of $1.3308 before closing the day at $1.3242. Sterling too gained against the Dollar, hitting a three-month high of $1.6307 before closing the day at $1.6278. The Dollar was under pressure as investors bought assets and currencies linked to growth on expectations that the US lawmakers will strike a deal on the fiscal cliff of tax rises and spending cuts due to kick in early in 2013."

The kiwi (New Zealand $ - NZD) looks strongest of all the ccys vs the KES.

But as @guru says, as long as USDKES rate is not spiking like last year, the stability is very much welcome from the fiscal indiscipline I've seen since last year when I called the USDKES to hit 90/- (surpassed to 107...?!?) - http://www.wazua.co.ke/forum.aspx?g=posts&m=156136#post156136


However I expect the yen to perform miserably in 2013 as it loses vs all major 10 ccys and this should be music to those who deal with Japanese goods and those firms with yen forex loans. From the look of things the JPYKES rate might slide to KES 70 - 80 range. Importers of jap stuff will have a field day. For forex players, the trick is to identify which ccy will gain the most vs the yen. Will it be the € or $ or £ (the beast)? I like the beast, though caution when trading this cross. Outsize gains = outsize losses too if the bet goes bonkers.

Happy holidays :-)

EUR upadate: Currencies held to tight ranges in thin pre-holiday trade, with the Euro see-sawing against the US Dollar while investors struggle to gauge developments on US budget talks against a backdrop of generally positive US economic data. President Obama has said that he is near the limit on what he can offer to resolve the disagreement while the leader of the opposition said he will continue to work on a plan. It gained 0.08% to last trade at $1.3236.