Trading on the currency market of the Gambia saw the local currency strengthen against the greenback on both the interbank and the forex market.
On the interbank market, the local currency gained 10 bututs against the dollar and was quoted at D25.75 and registered a 5 butut swell against the pound to D37.15. Against the Euro and the CFA Francs, the Dalasi lost D2.32 while appreciating by D2.50 and was quoted at D35.45 and D255 respectively. On the parallel market, the local currency chalked a 70 butut appreciation against the greenback and was quoted at D25.25.
The Dalasi also improved by 25 bututs against the pound to close at D36.75 but depreciated by 50 bututs against the Euro and was quoted at D34.50. Against the CFA Francs, the Dalasi gained 25 bututs and closed
the week at D259.
On the international trading market, the US Dollar gained 0.70 per cent and was quoted at $1.42 but lost 0.79 per cent against the Euro and was quoted at $1.27. The Yen depreciated against the Dollar by 5.83 per cent and was quoted at $97.43.
Dalasi Inter-Bank Mid Exchange Rates
USD 25.75
UKP 37.15
Euro 35.45
CFA 255.00
Dalasi Forex Bureau Mid Exchange Rates
USD 25.25
UKP 36.75
Euro 36.75
CFA 258.50
91-Day Bill Gains…
Instruments traded on the floor of the central bank of the Gambia moved in opposite directions this week. The 91-Day Bill gained a basis point from 11.21 per cent and was quoted at 11.25 per cent while the 91-Day Sukuk- Salam Bill dipped by 3 basis points and is currently quoted at 11.10 per cent.
The 182-Day lost 15 basis points and was quoted at 12.61 per cent. The Bill was previously quoted at 12.76 per cent. The longer bench of the market witnessed a 9 basis point contraction in the level of the 1-Year Note. The note was quoted at 14.33 per cent after being quoted at 14.24 per cent a week ago.
Databank Securities Ltd
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