TABLE 10 (B): VOLUME OF INTERBANK FOREX MARKET

BREAKDOWN BY MAJOR CURRENCY 1/

(Figures represent Dalasi equivalents; in D' millions)

Period GBP USD SEK CFA 2/ EURO Others TOTAL Volume of

Purchases Sales Purchases Sales Purchases Sales Purchases Sales Purchases Sales Purchases Sales Purchases Sales Transactions
2002 January 138.51 99.70 299.55 281.15 14.93 4.88 3.35 3.68 95.56 108.38 92.80 146.97 644.70 644.76 1,289.46
February 87.25 68.43 233.16 220.20 9.93 3.80 3.79 4.58 59.53 66.08 57.41 90.96 451.07 454.05 905.12
March 114.57 88.63 287.84 291.64 7.28 4.45 0.90 2.37 58.06 66.50 21.41 19.98 490.06 473.57 963.63
April 68.87 81.80 251.95 242.00 9.92 3.71 3.63 4.40 59.85 65.28 11.67 9.29 405.89 406.48 812.37
May 133.91 93.00 268.40 316.29 13.82 6.72 2.87 2.93 111.14 125.19 34.93 55.53 565.07 599.66 1,164.73
June 91.32 50.32 248.98 285.04 5.54 3.41 2.33 3.41 88.35 94.94 32.29 39.22 468.81 476.34 945.15
July 66.90 52.18 144.88 164.27 6.75 3.39 1.18 1.51 83.71 96.25 27.81 29.62 331.23 347.22 678.45
August 63.31 44.82 151.15 219.00 6.43 1.72 6.92 4.97 33.28 36.04 16.88 39.52 277.97 346.07 624.04
September 90.64 30.99 476.28 169.51 4.20 0.21 9.45 4.70 78.40 80.43 60.67 19.96 719.64 305.80 1,025.44
October 96.50 66.98 231.79 188.09 6.80 1.82 5.45 4.73 104.24 96.20 7.05 7.13 451.83 364.95 816.78
November 140.87 41.81 374.61 151.78 8.44 2.51 8.65 4.66 140.26 70.43 40.01 34.02 712.84 305.21 1,018.05
December 143.08 25.99 403.80 231.47 10.91 5.96 7.33 1.46 103.77 35.42 47.75 38.77 716.64 339.07 1,055.71
ANNUAL 1,235.73 744.65 3,372.39 2,760.44 104.95 42.58 55.85 43.40 1,016.15 941.14 450.68 530.97 6,235.75 5,063.18 11,298.93

2003 January 137.78 86.28 336.81 273.16 8.03 4.03 3.59 5.74 114.63 169.93 35.06 101.09 635.90 640.23 1,276.13
February 109.93 83.60 179.15 198.72 7.65 4.71 3.44 6.55 64.72 64.53 30.84 58.30 395.73 416.41 812.14
March 139.72 50.82 205.28 349.36 8.37 3.24 3.49 4.21 85.92 57.99 15.65 9.00 458.43 474.62 933.05
April 79.17 51.31 155.29 159.32 12.13 3.12 6.34 9.03 43.63 27.83 11.84 14.22 308.40 264.83 573.23
May 117.51 48.91 205.92 280.93 6.25 3.28 2.53 2.18 48.37 32.10 21.36 39.06 401.94 406.46 808.40
June 107.10 39.58 192.81 237.65 6.00 4.26 10.98 4.81 53.74 48.62 9.23 7.56 379.86 342.48 722.34
July 93.32 73.90 235.03 298.78 8.20 2.68 2.00 2.54 69.78 45.80 9.37 10.08 417.70 433.78 851.48
August 116.48 86.80 193.91 303.65 6.56 2.84 8.28 6.91 81.95 61.13 6.67 5.54 413.85 466.87 880.72
September 104.26 68.47 225.96 264.42 6.51 1.12 6.51 5.81 61.68 51.55 6.97 4.62 411.89 395.99 807.88
October 182.35 86.67 295.65 424.98 6.44 2.23 8.05 4.35 157.40 67.24 8.92 2.74 658.81 588.21 1,247.02
November 189.25 119.02 275.67 498.99 7.30 4.48 1.81 3.02 154.52 99.99 9.68 9.37 638.23 734.87 1,373.10
December 274.49 122.54 393.99 682.36 14.98 5.32 6.56 5.04 184.20 127.48 23.19 6.94 897.41 949.68 1,847.09
ANNUAL 1,651.36 917.90 2,895.47 3,972.32 98.42 41.31 63.58 60.19 1,120.54 854.19 188.78 268.52 6,018.15 6,114.43 12,132.58

2004 January 269.62 112.41 407.94 520.29 8.47 10.31 3.25 3.79 120.52 133.46 19.69 22.75 829.50 803.01 1,632.51
February 262.72 87.46 406.71 786.34 14.69 5.97 4.12 4.16 49.82 65.86 18.67 11.01 756.73 960.80 1,717.53
March 320.67 197.78 549.62 726.42 18.80 11.25 0.85 3.84 127.46 93.07 31.25 13.52 1,048.65 1,045.89 2,094.54
April 277.53 123.71 351.73 382.25 8.07 7.11 1.30 3.75 71.82 99.53 18.63 7.65 729.08 624.01 1,353.09
May 301.77 127.06 350.91 607.57 5.91 4.15 3.53 5.33 70.85 107.84 19.96 7.52 752.93 859.48 1,612.41
June 146.67 50.15 344.24 523.16 5.34 3.19 4.46 4.43 90.45 71.81 13.21 6.50 604.37 659.23 1,263.60
July 160.05 69.14 267.89 421.87 1.60 1.72 1.97 3.45 87.80 49.49 10.11 6.44 529.42 552.11 1,081.53
August 150.93 71.51 271.25 459.15 2.73 0.53 3.59 3.80 117.62 97.03 11.17 25.59 557.30 657.61 1,214.91
September 227.30 102.94 336.47 422.70 7.61 0.87 6.68 5.88 169.73 178.65 16.70 10.00 764.50 821.04 1,585.54
October 208.14 65.71 324.04 371.62 13.20 1.07 2.53 4.42 166.40 141.32 21.17 10.38 735.49 594.53 1,330.02
November 235.55 52.18 366.43 446.54 11.01 3.54 4.72 5.09 129.25 177.29 19.50 11.39 766.46 696.03 1,462.49
December 283.30 99.38 548.65 796.55 17.87 8.78 2.55 2.51 182.40 139.88 34.20 26.54 1,068.60 1,073.64 2,142.24

2005 January 300.92 129.22 684.09 892.40 19.90 7.40 2.02 3.92 344.59 323.95 20.05 16.14 1,371.57 1,373.03 2,744.60
February 216.24 69.08 379.66 628.27 18.22 4.87 5.10 5.06 207.20 174.66 21.92 14.08 848.34 896.02 1,744.36
March 326.04 100.64 573.50 562.73 19.44 4.12 4.55 7.54 196.69 210.01 24.68 15.65 1,144.90 900.69 2,045.59
April 232.71 79.66 353.82 488.52 7.98 1.99 6.28 5.46 151.38 197.23 12.49 9.63 764.66 782.49 1,547.15
May 220.70 77.31 388.95 695.97 8.34 0.68 3.26 3.90 97.43 123.00 13.43 9.19 732.11 910.05 1,642.16
June 226.77 103.27 419.45 664.53 4.93 2.35 20.76 6.62 137.89 194.85 11.51 5.85 821.30 977.46 1,798.76

SOURCE: Central Bank of The Gambia

1/ Volume of transactions is defined here as the aggregate of purchases and sales.

2/ Actaul transactions in CFA franc are very insignificant.