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KES information
About Kenyan Shilling (KES)
The Kenyan Shilling (KES), introduced in 1966, replaced the East African Shilling to become the official currency of Kenya. It is commonly abbreviated as KES and represented by the symbol KSh. This change was a significant milestone in Kenya's journey towards economic independence and sovereignty. The Kenyan Shilling is more than just a medium of financial transaction; it reflects the country's rich cultural heritage, economic challenges, and aspirations.
Historical Background
The adoption of the Kenyan Shilling was a key step in post-colonial Kenya's economic development. It symbolized a break away from the East African Currency Board arrangement and was a crucial part of establishing a separate monetary identity following independence in 1963.
Design and Symbolism
The design of the Kenyan Shilling incorporates elements of Kenya's diverse culture and rich natural heritage. Banknotes and coins feature images of Kenya's founding father, Jomo Kenyatta, and later Mzee Jomo Kenyatta, and other prominent figures, along with various wildlife species, showcasing Kenya's commitment to preserving its natural and cultural heritage.
Economic Role
The Kenyan Shilling is central to Kenya's economy, which is one of the largest and most dynamic in East Africa. The currency facilitates trade in key sectors such as agriculture, tourism, manufacturing, and services. The stability and value of the Shilling are vital for economic growth and the well-being of Kenyan citizens.
Monetary Policy and Inflation
The Central Bank of Kenya manages the Shilling, implementing monetary policies aimed at maintaining currency stability and controlling inflation. These policies are essential for fostering a favorable economic environment and encouraging investment.
The Shilling in International Trade
The Kenyan Shilling's exchange rate is crucial in international trade, especially for Kenya's exports like tea, coffee, and horticultural products. A stable exchange rate is essential for maintaining competitive export prices and attracting foreign investments.
Remittances and Economic Impact
Remittances from Kenyans living abroad, particularly in North America and Europe, are a significant source of foreign income. These funds, exchanged for Shillings, support many families and contribute to the national economy.
NYM to KES conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
Bitget | Sh17.93 | 0.0003% / 0.0004% | |
OKX | Sh17.93 | 0.080% / 0.100% | Yes |
Huobi | Sh17.94 | 0.1000% / 0.1000% | Yes |
Gate.io | Sh17.92 | 0.1000% / 0.1000% | Yes |
Bybit | Sh17.89 | 0.1000% / 0.1000% | Yes |
KuCoin | Sh17.93 | 0.1000% / 0.1000% | Yes |
How to buy NYM
Buy NYM (or USDT) for KES (Kenyan Shilling) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
A ARGUS .CO ![]() 142 trades|Completion rate 97.00% | 129 KES | Amount237.48 USDT Limit1330 - 38700 KES | ![]() ![]() ![]() | |
C Chris_377 ![]() 204 trades|Completion rate 96.00% | 130.1 KES | Amount156.42 USDT Limit1330 - 20000 KES | ![]() | |
K KENYA_FX ![]() 9 trades|Completion rate 90.00% | 130.2 KES | Amount1470.88 USDT Limit1330 - 191000 KES | ![]() | |
P Portia ![]() 368 trades|Completion rate 99.00% | 130.4 KES | Amount434.02 USDT Limit1330 - 55000 KES | ![]() ![]() ![]() | |
C CathyOG ![]() 36 trades|Completion rate 95.00% | 130.4 KES | Amount425 USDT Limit1330 - 55000 KES | ![]() |
Sell NYM (or USDT) for KES (Kenyan Shilling) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
P PAEDY ![]() 5 trades|Completion rate 100.00% | 128.35 KES | Amount2930.72 USDT Limit5000 - 384450 KES | ![]() ![]() | |
B BGUSER-GPP22AHK ![]() 1 trades|Completion rate 33.00% | 128 KES | Amount5000 USDT Limit50000 - 450000 KES | ![]() ![]() ![]() ![]() | |
_ _KASI ![]() 1 trades|Completion rate 100.00% | 128 KES | Amount27411.31 USDT Limit100000 - 3000000 KES | ![]() ![]() ![]() ![]() | |
P Portia ![]() 368 trades|Completion rate 99.00% | 127.7 KES | Amount18860.54 USDT Limit1330 - 100000 KES | ![]() | |
D DollPhine ![]() 17 trades|Completion rate 100.00% | 127.66 KES | Amount701.29 USDT Limit1330 - 15000 KES | ![]() ![]() |
What factors influence the conversion rate of NYM to Kenyan Shilling?
NYM to Kenyan Shilling is falling this week.Conversion tables
The exchange rate of NYM is decreasing.NYM to KES
KES to NYM
Today vs. 24 hours ago
Amount | 10:03 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 NYM | $0.07002 | $0.06879 | +1.78% |
1 NYM | $0.1400 | $0.1376 | +1.78% |
5 NYM | $0.7002 | $0.6879 | +1.78% |
10 NYM | $1.4 | $1.38 | +1.78% |
50 NYM | $7 | $6.88 | +1.78% |
100 NYM | $14 | $13.76 | +1.78% |
500 NYM | $70.02 | $68.79 | +1.78% |
1000 NYM | $140.03 | $137.58 | +1.78% |
Today vs. 1 month ago
Amount | 10:03 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 NYM | $0.07002 | $0.07846 | -10.76% |
1 NYM | $0.1400 | $0.1569 | -10.76% |
5 NYM | $0.7002 | $0.7846 | -10.76% |
10 NYM | $1.4 | $1.57 | -10.76% |
50 NYM | $7 | $7.85 | -10.76% |
100 NYM | $14 | $15.69 | -10.76% |
500 NYM | $70.02 | $78.46 | -10.76% |
1000 NYM | $140.03 | $156.92 | -10.76% |
Today vs. 1 year ago
Amount | 10:03 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 NYM | $0.07002 | $0.1009 | -30.58% |
1 NYM | $0.1400 | $0.2017 | -30.58% |
5 NYM | $0.7002 | $1.01 | -30.58% |
10 NYM | $1.4 | $2.02 | -30.58% |
50 NYM | $7 | $10.09 | -30.58% |
100 NYM | $14 | $20.17 | -30.58% |
500 NYM | $70.02 | $100.85 | -30.58% |
1000 NYM | $140.03 | $201.7 | -30.58% |
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