The Kenya shilling is now at a six-month low at 104 units against the dollar.
The shilling depreciation has raised concern that the weakness might affect the already struggling inflation in the country.
According to Reuters, dealers attributed the depreciation to heightened dollar demand from oil marketers and food importers.
The shilling traded between 103.91 and 104.10, the lowest rate since January.
Political environment and the country’s weak economy have also influenced the exchange rate, according to analysts.
“The concern for the CBK is the potential pass-through effects of further shilling depreciation on inflation, which has been trending above the upper limit of the statutory target band of 2.5-7.5 percent for the last five months,” said the Commercial Bank of Africa in a weekly fixed income note.