Good Tuesday Morning Gambia and welcome to Dalasi update with Market Beat. This week saw the Dalasi once again on stable inclinations with a total of 45% Non Moving Figures (NMF) of the total figures analysed.

Annual "Magal"
It is also interesting to note that the ANNUAL "MAGAL" to Senegal by thousand of people resident in The Gambia have done very little to dent the performances of the Dalasi against the CFA FRANC. In all the banks operating in the country there has been three(3) gains, eight(8) non moving figures and one(1) loss at trading of the dalasi against the cfa franc. In most annual events that involved cross border movement of people and goods especially the annual ram sales the Dalasi usually surrenders a lot of grounds to the cfa franc. However, this year the exodus of people and goods to the "magal" in senegal did not affect the Dalasi in anyway based on official currency indications which is indeed very good news.

In statistical terms, there are 19/93 GAINS as against 32/93 gains of last week and the Dalasi is down by 14% in terms of gains. There are 42/93 Non Moving Figures as against 52/93 Non Moving Figures and the Dalasi is 11% down in terms of NMF this week. In the same vein, there are 32/93 losses this week as against 9/93 losses last week and the Dalasi is UP by 24% in terms of losses.

The general picture is still one of stability despite surrendering some territories in both the NMF and gains figures as per last week trading figures. However, pitching the present gains and NMF together will edge over the 65% mark of the total currency figures analysed. We will therefore conclude that the Gambian dalasi is still stable at trading against major world currencies notably the British Pound Sterling, the American Dollar and the European EURO respectively.

The big issues this week
The biggest issues this week include among others the fact that bank phb is the official sponsor of market beat. Aside that, BANK PHB and TBL are the only banks to register 100% Non Moving Figures at trading in all currencies this week.

Non movers
FIB and TBL are all on 100% Non Moving in all currencies in the currency market this week. Aside that, all the remaining banks with the exception of ICBG have some elements of Non Moving Figures present in their data.

Gains
All banks prominent of which are ICBG and ECOBANK each registering 3 GAINS while SCBG, ACCESS, AGIB, FIB and GTB each registering 2 GAINS. All other banks with the exception of BANK PHB and TBL posted a single GAIN at trading this week.

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

Mixed picture
All Banks with the subtraction of BANK PHB and TBL have posted pictures loaded with mixed figures in respect of currency trading by registering some gains, some losses and some non moving figures.

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 25th. 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.