A practical currency and money guide to travel, living and doing business in Kenya and the Kenyan shilling (KES).
What's in this Kenya currency guide:
The official currency of Kenya (country code: KE) is the Kenyan shilling, with symbol KSh and currency code KES.
Kenya is one of the most vibrant and welcoming countries in Africa. The Kenyan people are friendly and hospitable, and the country has a lot to offer in terms of natural beauty, wildlife, and culture.
Kenya is a great place to visit for safaris, as it is home to some of the best game reserves in Africa. The country also has a rich history and culture, with many interesting sites to visit and things to learn.
For travelers and expats, Kenya is a safe and enjoyable place to live, work, and travel. There are many opportunities to explore and experience all that the country has to offer.
Nairobi uses the Kenyan Shilling. ATMs are readily available in Nairobi. Be sure to always carry cash as a backup in case the power goes down, the ATM is out of order, or you lose or break your plastic. If you plan on withdrawing money or using your credit card while travelling, don’t forget to notify your bank before you go for security purposes and check what international withdrawal fees may apply to your card. Credit cards are accepted at a growing numbers of shops, restaurants and hotels in Nairobi. You can usually use plastic to pay for flights and train tickets too. However, be wary of scams. Visa and MasterCard are the most widely accepted cards; double check with your bank before you travel about accessing your various accounts while in Nairobi.
1. Visit the Maasai Mara National Reserve
2. Go on a safari in the reserve
3. See the Big Five animals in the reserve
4. Take a hot air balloon ride over the reserve
5. Visit Lake Nakuru National Park
6. See the flamingos at Lake Nakuru
7. Visit Amboseli National Park
8. Go on a safari in the park
9. See Mount Kilimanjaro from the park
10. Visit Tsavo East National Park
While Kenya is a comparatively safe African destination, there are still plenty of pitfalls for the inexperienced traveler. From everyday irritations to more serious threats. A little street sense goes a long way here, and getting the latest local information is essential wherever you intend to travel.
There are a few security considerations to think about when taking a bus in Kenya. Some routes, most notably the roads from Malindi to Lamu and Isiolo to Marsabit, have been prone to attacks by shiftas (bandits) in the past; check things out locally before you travel. Another possible risk is drugged food and drink: it is best to politely refuse any offers of drinks or snacks from strangers.
Before you travel to Kenya, make sure that you are up to date on all immunizations. Although there are currently no inoculations that you must have when traveling to Kenya, if you intend to visit other countries such as the Democratic Republic of Congo, Rwanda, Egypt, or other such areas that may be deemed infected, you will need inoculations. If you will be traveling to the Kenyan coast or Western Kenya, it is advisable to take anti-malaria pills.
Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.
By following these tips and managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Kenya.
h3>How is the cost of living in Kenya?
The cost of living in Kenya is relatively low. The average cost of a basic meal is about $2, and a loaf of bread costs around $0.50. A ticket to the movies costs around $5, and a gallon of gasoline costs around $4.
There is no definitive answer to this question as everyone's experience as an expat in Kenya will be different. That said, there are a few general things that can be said about the expat life in Kenya. For starters, it is important to note that Kenya is a country with a lot of cultural diversity, which means that there are a variety of things for expats to experience. Additionally, Kenya is a country with a lot of natural beauty, which can be a great draw for those who are looking for a place to live that is both beautiful and exotic. Finally, it is worth mentioning that the cost of living in Kenya is relatively low, which is another factor that can make it an attractive destination for expats.
There are a few things that foreigners should be aware of when visiting Kenya. Firstly, it is important to respect the local culture and traditions. Secondly, visitors should be aware of the local wildlife and take care not to disturb them. Finally, it is important to be aware of the potential for crime and scams, and to take precautions to avoid becoming a victim.
The business climate in Kenya is fair. The country has a well-developed legal framework and infrastructure, and there is a relatively high level of transparency and accountability. However, businesses can experience significant delays and bureaucracy when dealing with government bodies. Additionally, businesses may be subject to crime, including corruption, and time-consuming and costly regulatory processes.
The economy in Kenya is in a growth phase, with a gross domestic product (GDP) of $69.9 billion in 2019. The country's economic growth is driven by the services and manufacturing sectors, which account for 60% and 30% of GDP, respectively. The agriculture sector contributes to 10% of GDP and employs more than 70% of the Kenyan workforce. The main export products are coffee, tea, flowers, and fruits. The main trading partners are the United Kingdom, the United States, China, and India.
Here we list some key points for expats and businesses to consider when managing financial dealings in Kenya:
Understand Kenyan shilling currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the KES exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local Kenyan shilling bank account: A local KES bank account can make it easier for you to manage your finances and pay bills while you are in Kenya. It may also be more convenient to use a local KES bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Kenya. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Kenya. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Kenya, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
The exchange rate of Kenyan shilling (KES), or the amount of KES that can be exchanged for a foreign currency, can fluctuate rapidly based on a number of factors, including economic conditions, interest rates, and political events. Below you can check the latest USD/KES rate plus recent trend, chart, and historic rates.
15 Mar 2023
|1.5% ▲||2 Week|
29 Dec 2022
|6.5% ▲||3 Month|
29 Mar 2022
|14.4% ▲||1 Year|
30 Mar 2018
|30.4% ▲||5 Year|
31 Mar 2013
|53.8% ▲||10 Year|
03 Apr 2003
|69.7% ▲||20 Year|
The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make an International Money Transfer to Kenya or planning a trip or maybe living there, so will need to exchange and spend Kenyan shilling.
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It is important to note that the exchange rate of the Kenyan shilling can change rapidly and that past performance is not necessarily indicative of future performance. It is advisable to carefully consider the risks and factors that may affect KES exchange rates before making any financial decisions.