News
Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·Al JazeeraIs the US trying to force regime change in Cuba?·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·SCMPUS extends Russian oil waiver by 30 days as Hormuz closure chokes supply·Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·Al JazeeraIs the US trying to force regime change in Cuba?·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·SCMPUS extends Russian oil waiver by 30 days as Hormuz closure chokes supply·
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KES

Kenyan Shilling

KES · Kenya

38
Moderate
Risk
Historical Scores
354147Jul 2021Jul 2023May 2026
What does this mean for you?

The Kenyan Shilling is in decent shape overall, scoring 38 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 6.0%/yr returns. Money in a basic account is slowly losing value. Calculator ↓

Inflation
4.5%
Debt / GDP
Not available
GDP Growth
4.7%
FX Volatility
1.3
Governance
-0.4
Reserves
4.0 mo
Analysis
What's working well
Economy is growing healthily
What to watch out for
Banks are struggling — 12% of loans aren't being repaid
Full Kenya analysis →

Savings Impact Calculator

KES
Holding cash in KES4.5% inflation
KES 803−KES 197 (20% purchasing power lost)
Your KES 1,000 buys 20% less in 5 years
What if you invested KES 1,000 instead? (5yr, in KES terms)
USD-denominated assets gain an additional ~1.5%/yr from expected KES depreciation vs USD
Hold USD Cash
KES 927
−KES 73
-1.5%/yr net in KES
S&P 500
KES 1723
+KES 723
range: KES 794–KES 3368
10% USD return + 1.5% FX · ±16% vol
Gold
KES 1574
+KES 574
range: KES 457–KES 4239
8% USD return + 1.5% FX · ±24% vol
Bitcoin
KES 3238
+KES 2238
range: KES 200–KES 19.2k
25% USD return + 1.5% FX · ±54% vol

All values in KES. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~1.5%/yr based on the inflation differential between Kenya (4.5%) 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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