The Dalasi once again this week shown tremendous signs that it will weather this year, 2009 in style and astute.

The Dalasi has indeed faced some defining moments in 2009 but it has prevailed in conclusion and so far it has stood strong and reliable in the trading arena of currencies. The Dalasi is a safe bet for huge deposits couple with the fact that it has registered week-in-week-out stable figures despite all odds in times of general global economic meltdown sweeping markets from Atlanta to Alunghare with a velocity unprecedented in the history of world finance since the end of the Second World War (WWII).

The big issues this week
FIB has bounced back this week and is trading at seven different currencies instead of its traditional three currencies. Good job FIB and please keep it up and remember the more currencies and figures at trading the better for the customers and better for the currency markets as per choice and data analysis.

In the same drive, BSIC has for the first time traded in only four currencies instead of the proud ten currencies it has been known for since inception. This is not an encouraging sign in our currency analysis hub and remember BSIC has always traded in almost all currencies since it started supplying trading figures. I would like to believe this is one-off and the coming weeks will see BSIC supply all ten trading currencies and even more.

Non movers
TBL, PHB and BSIC are the only banks trading in 100% NON MOVING FIGURES as per supplied figures. This is a sign of stability and predictability and is a welcomed development in our currency trading market.

Gains
SCBG, ACCESS, ECOBANK, AGIB, ICBG, OCEANIC and PRIME all did register some gains at trading in their various currencies this week.

Losses
SCBG, ACCESS, ECOBANK, GTB, AGIB, ICBG, OCEANIC and PRIME also all suffered some losses in some currencies at trading this week.

Mixed picture
All other banks with the exception of BANK PHB, BSIC and TBL registered mixed pictures with some GAINS, some NON MOVING FIFURES and some LOSSES at trading as at the 4th. December, 2009.

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 04th. December, 2009. 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.