(Kampala) – The Uganda shilling remained stable in Tuesday’s trading session as month-end dollar inflows matched the demand from various sectors.
On Tuesday, the Uganda shilling traded in a stable range, remaining unchanged within the 3660 to 3670 levels against the US dollar. This stability was supported by month-end dollar inflows, which effectively covered the dollar demand from key sectors including oil, manufacturing, and telecommunications.
Money markets also showed liquidity on Tuesday, with overnight yields averaging 10.69%, as reported by Absa. This indicates a steady environment for borrowing and lending activities in the financial market.
Looking ahead, the Bank of Uganda is set to conduct a treasury bond auction on October 30, 2024. The auction will feature bond tenors of 2 years, 5 years, and 15 years, providing investors with various options for investment.
| Date | Key Event | Currency Exchange Rate |
|---|---|---|
| October 29, 2024 | Uganda shilling stable at 3660/3670 | 1 USD = 3660-3670 UGX |
| October 30, 2024 | Scheduled treasury bond auction | 2, 5, and 15-year bonds |
