KES (Kenyan Shilling)

DEFINITION of 'KES (Kenyan Shilling)'

The currency abbreviation or currency symbol for the Kenyan shilling (KES), the currency for Kenya. The Kenyan shilling is made up of 100 cents and is often presented with the symbol KSh. The Kenyan shilling is the strongest and most stable shilling in east Africa and is often used in unstable regions of Sudan and Somalia instead of local currencies.

BREAKING DOWN 'KES (Kenyan Shilling)'

The Kenyan shilling was first seen replacing the East African shilling in 1966 in both coin and bill form. Many notes have since been replaced by coins, and larger denominations of bills have been put into circulation. A new set of bills was launched in 2003 to celebrate 40 years of Kenyan independence.

RELATED TERMS
  1. SOS (Somaliland Shilling)

    The currency abbreviation for the Somaliland shilling (SOS), ...
  2. Quid

    Slang for the pound sterling, the currency of the United Kingdom. ...
  3. Hard-Coded Stock

    This is a term that refers to a company's stock symbol or ticker ...
  4. NZD (New Zealand Dollar)

    The currency abbreviation or currency symbol for the New Zealand ...
  5. Currency

    Currency is a generally accepted form of money, including coins ...
  6. USD (United States Dollar)

    The currency abbreviation for the United States dollar (USD), ...
Related Articles
  1. Markets

    Gary Shilling: US Recovery Worst Since WWII

    Dr. Shilling is of the opinion that the underlying US economy has still not fully recovered, and that central banks cutting rates to zero has done little to spur growth.
  2. Trading

    Simulator How-To Guide: Ticker Symbol Look Up

    As you noticed while you were buying shares of Wal-Mart, all brokerages (simulated or not) require you to input the company's stock symbol to place any trade. In fact, all stock exchanges ...
  3. Trading

    Keeping Securities Clear With Ticker Symbols

    A ticker symbol is a group of characters that represent a specific, publicly traded security that’s listed on an exchange.
  4. Trading

    The History Of Money: Currency Wars

    Find out how conflicts have changed the role money plays in our lives.
  5. Investing

    Understanding The 2010 Options Symbology

    There is a wealth of information in the expanded option symbols, but they should make things easier for traders.
  6. ETFs & Mutual Funds

    4 ETF Strategies for Growth in Africa for 2016 (EZA,EGPT)

    Invest in the African region with these four methods that outline the ETFs on the market. Learn about ETFs for investing in individual African countries.
  7. Markets

    What Happens in a Currency Crisis?

    A currency crisis comes from a decline in the value of a country’s currency.
  8. Trading

    On This Day In Finance: July 6 - The United States Adopts The Dollar

    The U.S. adopts the dollar as a monetary unit.
  9. Markets

    What a Slowing Chinese Economy Means to Africa

    China is Africa's largest trading partner. What does China's slowing growth mean for the continent?
  10. Trading

    4 Of The Most Popular Traded Currencies

    Every day, trillions of dollars trade in the forex market. Here are a few of the most popular currencies, and some characteristics for each.
RELATED FAQS
  1. What should I do with my treasury bond index fund?

    Treasury bonds have produced stellar returns for decades. Gary Shilling is still bullish on 30-Year: 'Buy Bonds'. ... Read Answer >>
  2. Do hedge funds have ticker symbols?

    Discover whether or not hedge funds have ticker symbols, where you can find ticker symbols and the significance of a ticker ... Read Answer >>
  3. Why do some stock symbols have three letters while others have four? What is the ...

    Stocks found on the New York and American Stock Exchange will normally have symbols with three letters or fewer. On the other ... Read Answer >>
  4. Why isn't the EUR/USD currency pair quoted as USD/EUR?

    In a currency pair, the first currency in the pair is called the base currency and the second is called the quote currency. ... Read Answer >>
  5. Why do forex traders use a currency converter?

    All currencies are quoted in pairs - one country's currency against another country's currency. A currency converter is used ... Read Answer >>
  6. Why is currency always quoted in pairs?

    When reading currency quotes, you have probably noticed that there is only a single quote for a pair of currencies. Currency ... Read Answer >>
Hot Definitions
  1. AAA

    The highest possible rating assigned to the bonds of an issuer by credit rating agencies. An issuer that is rated AAA has ...
  2. GBP

    The abbreviation for the British pound sterling, the official currency of the United Kingdom, the British Overseas Territories ...
  3. Diversification

    A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique ...
  4. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  5. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  6. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
Trading Center