The Dalasi reaffirms my predictions that it could make significant gains if it capitalizes on last week’s impressive majority Non Moving Figures (NMF).

The Dalasi has just done that and this week it has made numerous gains totaling to 43 translating into 47% which very encouraging. Backing up that solid ground and adding more weighs to these already rose trading figures the Dalasi has also followed it with 35 NMF which is equivalent to 38% . It is already looking like that February will be a great month in which the Dalasi could establish itself as formidable trading contender in the International Currency Markets for the rest of the year.

There is very little room for skepticism as there is only an insignificant percentage of 15% LOSSES at trading this week. The picture is very encouraging and I hope the Dalasi continues the good job in the weeks and months ahead towards the end of the first quarter of 2010.

In statistical terms there are 43/92 GAINS, 35/92 NON MOVING FIGURES and 14/92 LOSSES and this handsomely translates into 47% GAINS; 38% NMF and 15% LOSSES respectively. We can therefore, safely conclude, that there is optimism of a Dalasi gain than a loss and in the process pitch the Dalasi on a high alert for currency dealers that it is worthy of keeping in terms of huge and minor deposits and a good time to save in Dalasi too.

The big issues this week
In this week’s currency analysis it is only BANK PHB that is on 100% Non Moving. SCBG is impressive with 8 GAINS out of its 10 international trading currencies and prime bank is with 6 gains out of its 8 international trading figures.

Non movers
BANK PHB is the only 100% Non Mover in the currency market this week. Aside that, all bank with the exception of FIB and PRIME BANK has some elements of Non Moving Figures present in their analysis this week.

Gains
All banks prominent of which is SCBG and PRIME BANK have registered some GAINS at trading in their respective currencies this week with the exception of BANK PHB.

Losses
All Banks with the exception of BANK PHB, TBL, BSIC and ACCESS BANK have registered some losses at trading this week.

Mixed picture
All Banks with the subtraction of BANK PHB posted pictures loaded with mixed figures in respect of registering some gains, some losses and some non moving figures which have added some juicy flavours in our currency tables for your digestion.

Mind the gap
Market Beat wished 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 05th. February, 2010. Please note that these figures could be subjected to changes as market forces come into play and at the discretion of the banks hereby mentioned.