groo to KES Converter and calculator

Conversion rates
Convert groo to KES
Convert KES to groo
groo to KES chart
groo to KES conversion data: Volatility and price changes of groo in KES
| Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
|---|---|---|---|---|
High | 0.9889 KES | -- KES | -- KES | -- KES |
Low | 0.1079 KES | -- KES | -- KES | -- KES |
Average | 0 KES | 0 KES | 0 KES | 0 KES |
Volatility | % | % | % | % |
Change | -0.87% | -- | -- | -- |
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groo information
groo to KES market statistics
Current groo to KES exchange rate
groo to Kenyan Shilling is falling this week.More info about groo on Bitget
Kenyan Shilling information
About Kenyan Shilling (KES)
The Kenyan Shilling (KES), introduced in 1966, replaced the East African Shilling to become the official currency of Kenya. It is commonly abbreviated as KES and represented by the symbol KSh. This change was a significant milestone in Kenya's journey towards economic independence and sovereignty. The Kenyan Shilling is more than just a medium of financial transaction; it reflects the country's rich cultural heritage, economic challenges, and aspirations.
Historical Background
The adoption of the Kenyan Shilling was a key step in post-colonial Kenya's economic development. It symbolized a break away from the East African Currency Board arrangement and was a crucial part of establishing a separate monetary identity following independence in 1963.
Design and Symbolism
The design of the Kenyan Shilling incorporates elements of Kenya's diverse culture and rich natural heritage. Banknotes and coins feature images of Kenya's founding father, Jomo Kenyatta, and later Mzee Jomo Kenyatta, and other prominent figures, along with various wildlife species, showcasing Kenya's commitment to preserving its natural and cultural heritage.
Economic Role
The Kenyan Shilling is central to Kenya's economy, which is one of the largest and most dynamic in East Africa. The currency facilitates trade in key sectors such as agriculture, tourism, manufacturing, and services. The stability and value of the Shilling are vital for economic growth and the well-being of Kenyan citizens.
Monetary Policy and Inflation
The Central Bank of Kenya manages the Shilling, implementing monetary policies aimed at maintaining currency stability and controlling inflation. These policies are essential for fostering a favorable economic environment and encouraging investment.
The Shilling in International Trade
The Kenyan Shilling's exchange rate is crucial in international trade, especially for Kenya's exports like tea, coffee, and horticultural products. A stable exchange rate is essential for maintaining competitive export prices and attracting foreign investments.
Remittances and Economic Impact
Remittances from Kenyans living abroad, particularly in North America and Europe, are a significant source of foreign income. These funds, exchanged for Shillings, support many families and contribute to the national economy.
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groo to KES Conversion tables
| Amount | 05:40 am today | 24 hours ago | 24h change |
|---|---|---|---|
0.5 groo | KSh0.05510 | KSh-- | -0.87% |
1 groo | KSh0.1102 | KSh-- | -0.87% |
5 groo | KSh0.5510 | KSh-- | -0.87% |
10 groo | KSh1.1 | KSh-- | -0.87% |
50 groo | KSh5.51 | KSh-- | -0.87% |
100 groo | KSh11.02 | KSh-- | -0.87% |
500 groo | KSh55.1 | KSh-- | -0.87% |
1000 groo | KSh110.2 | KSh-- | -0.87% |
groo to KES FAQ
What factors influence the conversion rate of groo to KES?
Popular exchange rates — Crypto-to-Fiat converter
The price of groo in the US is $0.0008530 USD. Additionally, groo’s price is €0.0007394 EUR in the eurozone, £0.0006502 GBP in the UK, C$0.001205 CAD in Canada, ₹0.07564 INR in India, ₨0.2395 PKR in Pakistan, R$0.004564 BRL in Brazil, and more.
The most popular groo currency pair is the groo to Kenyan Shilling(KES). The price of 1 groo (groo) in Kenyan Shilling (KES) is KSh0.1102.
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