Kenya's shilling was firm on Monday in subdued trading with many market players staying out of the market as holidays approached.
Shilling steady, many businesses stay away before holiday
"Most market players have closed for Christmas. We are trading rangebound," said one dealer, noting that volume was "minimal".
A fuel attendant handles Kenyan shilling notes at a petrol station in the capital Nairobi March 15, 2011. REUTERS/Noor Khamis
By 0800 GMT, the shilling was quoted at 102.20/40 to the dollar, little changed from Friday's close of 102.25/35.
The shilling has lost more than 11 percent of its value this year but has strengthened from September levels when it almost reached an all-time low of 106.80. Since early November, it has stabilised, staying mostly in a range of 102.00 to 102.50.
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