Investor Glossary-kesInvestor Glossary-kesInvestor Glossary-kesInvestor Glossary-kesInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

KES

The HTML to link to this page
 

KES is the three-character currency abbreviation for the Kenya Shilling based on the ISO-4217 standard codes. KES is the official currency of the Republic of Kenya. The Kenyan shilling replaced the East African shilling in 1966. The Central Bank of Kenya is the government institution that issues the KES. The KES divides into smaller units called cents. One hundred cents make one Kenya Shilling. Coins are issued in 50 cent and 1 shilling in brass and bimetallic 5, 10 and 20 shillings. Banknotes issued are 50, 100, 200, 500, and 1000 shilling denominations. The KES is considered a minor currency and is not actively traded in the international currency markets. The value of the KES floats, meaning that market forces determine the value of the KES. The approximate conversion value (in late 2005) for the KES in US dollars is KES 70+ to USD 1.



Rate this KES definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: Key Rate Duration, margin rate, stock split, irrevocable trust, required rate of return, 1031 exchange, debt service coverage, ex-dividend, ex-dividend date, covered put, 401a, average price per share, Zero Cost Collar, deferred tax, liquidity ratio, phantom income, reverse mortgage, current ratio, 1035 exchange, inflation, class C shares, balance sheet, per diem, diluted share, wholly-owned subsidiary, annual return, VIX, option premium, limit order, EBITDA, deferred revenue, stock market close, APR, in escrow, FICO score, command economy, implied volatility, open position, risk management, dividends payable, real GDP, 144a, FTSE, minority interest, LIBOR, cancelled check, labor relations, retained earnings, quality assurance


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use