Good Tuesday Morning Gambia and welcome to Dalasi Update with Market Beat. The Dalasi has shown greatest signs as per data analysis of stability and resilience so far in 2010.

We have seen for the first time that the Dalasi registering 37 GAINS in a week which is unprecedented in the history of our weekly analysis. This has given us room for hope that the Gambian Dalasi will be stable for the rest of 2010 and beyond. It will help boost investor confidence and attract more Foreign Direct Investments (FDIs) into the country. This picture is a great piece of good news for The Dalasi and I hope all stakeholders in the Dalasi will take the opportunities offered to help the currency consolidate these impressive gains. The Dalasi is thus impressive and winning as monitored by MARKET BEAT DESK as at close of business on Friday the 26th. March 2010.

In statistical terms, there are 37/92 GAINS as compared to last week's 14/93 GAINS translating into 23 GAINS MORE in the process. In the same drive, the Dalasi registered fewer Non Moving Figures with THREE (3) LESS NMF at 49/92 Non Moving Figures as compared to 52/93 NMF of last week.

Concluding, there are 6/92 LOSSES this week as compared to 27/93 LOSSES of last week translating into 21 FEWER LOSSES as of last week which is highly impressive and welcomed development. In percentage terms, the DALASI is 40% GAINS, 7% LOSSES AND 53% NON MOVING FIGURES. That translates into the Dalasi being UP IN GAINS BY 26%, DOWN BY 20% IN LOSSES which is highly desirable and it is DOWN BY 3% IN NMF as per last week trading figures.

Generally, the Dalasi is buoyantly impressive as we enter the second quarter of 2010. The Dalasi is showing very impressive signs of stability in terms of currency trading against other world major currencies notably the British Pound Sterling, the US Dollar and the EURO respectively.

The big issues this week
The big issues this week are as follows:
Zenith Bank has started supplying trading figures and we hope to bring them into the fold in the coming weeks and months. MARKET BEAT wished to welcome the bank into our currency table analysis and hope we have a healthy working relationship with them and wish them a favourable operation here in The Gambia.

GTB has not supplied trading figures in respect of the Swedish Kroner (SEK) & in the process losing one trading currency bring our total figure analysed from 93 ton 92.

PHB, TBL & FIB are the only banks to register 100% Non Moving Figures at trading in all currencies as per last week’s figures with the close of business Friday the 19th. March, 2010.

Non Movers
PHB, TBL & FIB are all on 100% Non Moving in all currencies in the currency market this week. Aside that, all the remaining banks have some elements of Non Moving Figures present in their data.

Gains
All other bank with the exception of PHB, TBL, FIB and BSIC have posited SOME GAINS in their currency data at trading this week.

Losses
Only BSIC, OCEANIC and PRIME BANK has registered MINOR LOSSES at trading this week.

Mixed picture
All Banks with the exception of PHB, TBL and FIB have posted pictures loaded with mixed figures in respect of currency trading by registering some gains, some losses and some non moving figures. That is to say only BSIC has registered a mixed picture in the TWO CATEGORIES OF (GAINS: NMFs) as per currency movements while all other banks registered all three categories in (GAINS: LOSSES) ;( GAINS: NMFs) & (NMFs: LOSSES) in their currency tables.

MIND THE GAP
Market Beat would like to bring to you the INDICATIVE RATES currency tables as we buy and sell in all our operational commercial banks as dictated to us by the Central Bank of the Gambia (CBG) as at the 26th.March, 2010. Please note that these figures could be subjected to changes as market forces come into play & at the discretion of the banks hereby mentioned.