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KES

Kenyan Shilling

KES · Kenya

39
Moderate
Risk
Historical Scores
364247Jul 2021Jul 2025Jul 2026
What does this mean for you?

The Kenyan Shilling is in decent shape overall, scoring 39 out of 100. There are some areas to watch, but no immediate danger. Your money is holding its value reasonably well compared to most currencies.

You need at least 5.6%/yr returns. Money in a basic account is slowly losing value. Calculator ↓

Inflation
4.1%
Debt / GDP
Not available
GDP Growth
Not available
FX Volatility
2.9
Governance
-0.4
Reserves
4.0 mo
Analysis
What's working well
Limited positive signals
What to watch out for
Banks are struggling — 14% of loans aren't being repaid
Full Kenya analysis →

Savings Impact Calculator

KES
Holding cash in KES4.1% inflation
KES 819−KES 181 (18% purchasing power lost)
Your KES 1,000 buys 18% less in 5 years
What if you invested KES 1,000 instead? (5yr, in KES terms)
USD-denominated assets gain an additional ~1.1%/yr from expected KES depreciation vs USD
Hold USD Cash
KES 907
−KES 93
-1.9%/yr net in KES
S&P 500
KES 1690
+KES 690
range: KES 777–KES 3313
10% USD return + 1.1% FX · ±16% vol
Gold
KES 1544
+KES 544
range: KES 446–KES 4172
8% USD return + 1.1% FX · ±24% vol
Bitcoin
KES 3185
+KES 2185
range: KES 194–KES 18.9k
25% USD return + 1.1% FX · ±54% vol

All values in KES. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~1.1%/yr based on the inflation differential between Kenya (4.1%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.

Holding other assets too? Calculate your full portfolio risk →
This score is based on our 12-factor risk model. Think inflation or debt should matter more? Build your own model with custom weights and see how KES ranks differently.
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