Dry Fry....No lube..pakeni mate

Energizer

Village Elder
#4
kenya should just ban twitter, all the facts you get there are pure hogwash. Every chokora in the word wakes up and thinks of something after posting you read it like a fool and start believing. Uliza hio mutu hio research amefanya aje akapata hizo findings.
Please counter this with fact filled response. Ama namna gani ? Not everyone has knowledge about economics 101.
 

Yollo

Village Elder
#6
Economist wa Kijiji akuje hapa tafasali...
Lets start with the basics:
Kes has lost almost 20% of its value over the last 5 Years.
Has this affected the price of everyday commodities that Kenyans consume?
Has there been a corresponding change in price of food,clothing,shelter,education,water/sanitation and healthcare over the past 5 years?
Screenshot (58).png
 

josento

Village Elder
#7
Wapi Ndii wa kijiji ..In my 5 cents opinion what is coming out is that 1k today could only buy things worth Ksh 450 in 2017..so basically your 100k salary today is equivalent to 45k in 2017 in terms of purchasing power
 

Energizer

Village Elder
#8
Wapi Ndii wa kijiji ..In my 5 cents opinion what is coming out is that 1k today could only buy things worth Ksh 450 in 2017..so basically your 100k salary today is equivalent to 45k in 2017 in terms of purchasing power
My take is this

In 2017 the average exchange rate was 103/- to 1$.
Currently its 120/- to 1$.

This then means, the Kes has weakened by an extra 17/-. This is 16.5%. Lets make it 17%(rounding off).

83% of 1,000 is 830.

1000 in 2017 is an equivalent of 830 today.

Subject to your corrections wakubwa.
 

mbwakali

Village Elder
#12
My take is this

In 2017 the average exchange rate was 103/- to 1$.
Currently its 120/- to 1$.

This then means, the Kes has weakened by an extra 17/-. This is 16.5%. Lets make it 17%(rounding off).

83% of 1,000 is 830.

1000 in 2017 is an equivalent of 830 today.

Subject to your corrections wakubwa.
Uh. Per your logic , 1000 in 2017 should be equivalent to 1170 today. 830 ni kusema the shilling has gained value.
Methinks you should factor PPP (purchasing power parity) to get the real change coz even the $ is subject to inflation.
 

josento

Village Elder
#14
Lets ask a pertinent question if you have 1k in your account right now and go out and buy stuff and if you take that stuff and compare with 1k in 2017 and the stuff it could buy...whats the difference in the quantity/quality
 

Energizer

Village Elder
#15
Uh. Per your logic , 1000 in 2017 should be equivalent to 1170 today. 830 ni kusema the shilling has gained value.
Methinks you should factor PPP (purchasing power parity) to get the real change coz even the $ is subject to inflation.
Mine is a plain mathematical. Also, I dont understand how you arrived at the 1170. Remember we are using 1k as the base figure. The Shilling initially traded against the dollar at 103, currently its 120. It means you have to fork more Kshs to buy the $.
 

mbwakali

Village Elder
#18
Mine is a plain mathematical. Also, I dont understand how you arrived at the 1170. Remember we are using 1k as the base figure. The Shilling initially traded against the dollar at 103, currently its 120. It means you have to fork more Kshs to buy the $.
Yes,correct. Again using the math logic you applied hapo juu ...the statement "1000 in 2017 is an equivalent of 830 today" is inverse .
 

Jimit

Gargantuan
#19
Uh. Per your logic , 1000 in 2017 should be equivalent to 1170 today. 830 ni kusema the shilling has gained value.
Methinks you should factor PPP (purchasing power parity) to get the real change coz even the $ is subject to inflation.
Jameni ni nini kwa iyo hesabu haukuelewa kaka. Ulisomea hesabu kwa dirisha. Umetwanga nje completely, the fact that you are throwing financial terms around doesnt make things better.
 

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