The Central Bank of Kenya (CBK) has a forex warning to traders and the public against handling unlicensed and unregulated on-line forex sellers. The Financial Markets department compiles indicative foreign exchange rates daily for use by the general public. These rates reflect the average buying and selling rates of the major participants in the foreign exchange market at the open of trade every day, thus providing a good indicator for any interested party on the value of the shilling on any particular day. The above forex rates are from the Central Bank of Kenya (CBK), they are compiled and updated daily on this page and they are also available on the CBK website.Central banks world wide are major players in local and international currency markets as part of their monetary policy role as such, the CBK overseas the state of the forex market in Kenya and . The CBK press release warns that against “unregulated entities styling themselves as online foreign exchange (forex) brokers and traders”. Further stating that these fraudulent brokers “seek to exploit Kenyans and pose Money Laundering and Financing of Terrorism risks to the financial sector” . Central Bank of Kenya exchange rates, currency converter and exchange graphic; 101currency.com, special exchange rates page for Kenyan Shilling
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