Why Uganda Shilling Has Continued to Strengthen Against Dollar

Why Uganda Shilling Remains Strong Against Dollar » Business Focus

‎The Ugandan Shilling continued strengthening against the US Dollar in the year 2024/25 backed by remittances, exports and new government policies. ‎The local currency ended June 2025, trading at an average mid-rate of 3,605.84 Shillings per dollar, compared to 3,653.40 per USD in May 2025, leading to a 1.3 percent appreciation.‎ On an annual basis, the shilling appreciated by 2.7 percent against the US Dollar in financial year 2024/25 compared …

Why Uganda shilling has continued to strengthen against dollar

Bank of Uganda ‎Kampala, Uganda | THE INDEPENDENT | The Ugandan Shilling continued strengthening against the US Dollar in the year 2024/25 as remittances, exports and new government policies. ‎The local currency ended June 2025, trading at an average mid-rate of 3,605.84 Shillings per dollar, compared to 3,653.40 per USD in May 2025, leading to a 1.3 percent appreciation.‎ On an annual basis, the shilling appreciated by 2.7 percent against the U…

Uganda Shilling Strengthens, Exports Surge in June 2025 Economic Report

The Ugandan economy continued to show signs of resilience and growth in June 2025, with the Ugandan Shilling appreciating by 1.3% against the US Dollar, according to the latest Performance of the Economy Report released by the Ministry of Finance, Planning and Economic Development. The Shilling traded at an average mid-rate of UGX 3,605.84/USD in June, up from UGX 3,653.40/USD in May. This appreciation was largely driven by increased dollar infl…