By Kenya’s shilling was quoted at 129.45 to the US dollar on Friday, while Ghana’s cedi traded at a weighted median of 11.4615 per dollar, according to the two central banks’ latest reference rates.
The Central Bank of Kenya’s indicative table also put the shilling at 150.22 to the euro and 174.82 to the pound. The Bank of Ghana’s 11 September data showed a dollar buying rate of 11.4558 cedis and a selling rate of 11.4672.
South Africa’s rand was quoted at 16.17 per dollar on 11 September in the South African Reserve Bank’s current market rates data.
The rates are reference points rather than a single price available to every customer. Kenya’s central bank says its rate is a weighted average of registered interbank spot trades and that the shilling is market determined. Ghana’s central bank calculates its closing reference rate from transaction data submitted by banks.
The different market structures matter for importers, exporters and investors. A reference rate can anchor contracts and reporting, but actual bank and corporate prices will vary with liquidity, transaction size and the timing of a deal.
