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.
MDT to KES conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | Sh6.61 | 0.0200% / 0.0320%VIP 7 | |
Binance | Sh6.61 | 0.1000% / 0.1000% | Yes |
OKX | Sh6.61 | 0.080% / 0.100% | Yes |
Gate.io | Sh6.61 | 0.1000% / 0.1000% | Yes |
How to buy Measurable Data Token
Buy MDT (or USDT) for KES (Kenyan Shilling) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
M Moas25 14 trades|Completion rate 100.00% | 129.27 KES | Amount250.85 USDT Limit1400 - 39000 KES | ||
P Portia 360 trades|Completion rate 98.00% | 130.4 KES | Amount243.8 USDT Limit1330 - 31700 KES | ||
B Brian_ray 3 trades|Completion rate 60.00% | 130.45 KES | Amount423.87 USDT Limit1330 - 55293.84 KES | ||
C Chris_377 195 trades|Completion rate 99.00% | 132 KES | Amount132.89 USDT Limit1330 - 17500 KES | ||
s shefay 54 trades|Completion rate 93.00% | 133 KES | Amount1300 USDT Limit1330 - 160000 KES |
Sell MDT (or USDT) for KES (Kenyan Shilling) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
_ _KASI 0 trades|Completion rate 0.00% | 128.2 KES | Amount27411.31 USDT Limit100000 - 3000000 KES | ||
P PAEDY 19 trades|Completion rate 100.00% | 128.11 KES | Amount3533.55 USDT Limit5000 - 384450 KES | ||
S SKY-WOLKER 75 trades|Completion rate 96.00% | 128.1 KES | Amount4090.88 USDT Limit10000 - 100000 KES | ||
C CathyOG 36 trades|Completion rate 95.00% | 128.01 KES | Amount99065 USDT Limit120000 - 150000 KES | ||
M MrHull 55 trades|Completion rate 96.00% | 128 KES | Amount290 USDT Limit10000 - 37000 KES |
What factors influence the conversion rate of Measurable Data Token to Kenyan Shilling?
Measurable Data Token to Kenyan Shilling is falling this week.Conversion tables
The exchange rate of Measurable Data Token is decreasing.MDT to KES
KES to MDT
Today vs. 24 hours ago
Amount | 00:58 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MDT | $0.02555 | $0.02575 | -0.75% |
1 MDT | $0.05110 | $0.05149 | -0.75% |
5 MDT | $0.2555 | $0.2575 | -0.75% |
10 MDT | $0.5110 | $0.5149 | -0.75% |
50 MDT | $2.56 | $2.57 | -0.75% |
100 MDT | $5.11 | $5.15 | -0.75% |
500 MDT | $25.55 | $25.75 | -0.75% |
1000 MDT | $51.1 | $51.49 | -0.75% |
Today vs. 1 month ago
Amount | 00:58 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 MDT | $0.02555 | $0.03220 | -20.65% |
1 MDT | $0.05110 | $0.06440 | -20.65% |
5 MDT | $0.2555 | $0.3220 | -20.65% |
10 MDT | $0.5110 | $0.6440 | -20.65% |
50 MDT | $2.56 | $3.22 | -20.65% |
100 MDT | $5.11 | $6.44 | -20.65% |
500 MDT | $25.55 | $32.2 | -20.65% |
1000 MDT | $51.1 | $64.4 | -20.65% |
Today vs. 1 year ago
Amount | 00:58 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 MDT | $0.02555 | $0.03588 | -28.79% |
1 MDT | $0.05110 | $0.07177 | -28.79% |
5 MDT | $0.2555 | $0.3588 | -28.79% |
10 MDT | $0.5110 | $0.7177 | -28.79% |
50 MDT | $2.56 | $3.59 | -28.79% |
100 MDT | $5.11 | $7.18 | -28.79% |
500 MDT | $25.55 | $35.88 | -28.79% |
1000 MDT | $51.1 | $71.77 | -28.79% |
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