Uganda shilling opens trading steady against major currencies – Central Bank Data

Kampala, Uganda — The Uganda Shilling (UGX) began the trading week on Monday, April 14, 2025, with stable opening exchange rates against key international and regional currencies, according to data released by the Central Bank of Uganda.

The indicative opening rates, as of the start of the business day, were:

• US Dollar (USD): Buying at UGX 3,669.95, Selling at UGX 3,679.95
• British Pound (GBP): Buying at UGX 4,814.24, Selling at UGX 4,827.35
• Euro (EUR): Buying at UGX 4,176.03, Selling at UGX 4,187.41
• Kenyan Shilling (KES): Buying at UGX 28.30, Selling at UGX 28.38
• Tanzanian Shilling (TZS): Buying at UGX 1.37, Selling at UGX 1.38
• South African Rand (ZAR): Buying at UGX 192.91, Selling at UGX 193.43

These opening figures, provided by the nation’s monetary authority, reflect the initial market valuation of the Uganda Shilling as trading commenced. The Central Bank typically updates these rates three times daily on weekdays, providing a snapshot of the ongoing foreign exchange market activity.

The stability observed in the opening rates suggests a relatively consistent market sentiment at the start of the day. However, currency values are subject to fluctuations throughout the trading session due to various economic factors and market dynamics.

Businesses involved in international trade and finance, as well as individuals dealing with foreign currency transactions, rely on these exchange rate updates from the Central Bank to inform their financial planning and decision-making. The movement of these rates can significantly impact import and export costs, investment returns, and the overall economic environment.

The Central Bank is expected to release midday and closing exchange rate updates later in the day, which will provide a more comprehensive picture of the Uganda Shilling’s performance on Monday. Market analysts will be closely monitoring these fluctuations for any significant trends.