Mr. Gassama:
As a concrete message from my dear brother Ablie Njie, my objective evaluation of The Gambian Dalasi was based on foreign currency conversion table. Please refer to the following:
FXConverter - 164 Currency Converter Results
Friday, July 22, 1994
1 US Dollar = 9.75000 Gambian Dalasi
1 Gambian Dalasi (GMD) = 0.10256 US Dollar (USD)
Median price = 9.55000 / 9.75000 (bid/ask)
Minimum price = 9.55000 / 9.75000
Maximum price = 9.55000 / 9.75000
Computed from a sample of 1 price on Friday, July 22, 1994
Rate for next day
And according to today's conversion table, please read the following:
FXConverter - 164 Currency Converter Results
Monday, June 3, 2002
1 US Dollar = 19.23800 Gambian Dalasi
1 Gambian Dalasi (GMD) = 0.05198 US Dollar (USD)
Median price = 18.17300 / 19.23800 (bid/ask)
Minimum price = 18.17300 / 19.23800
Maximum price = 18.17300 / 19.23800
Rate for previous day
Thus, dear brother Gassama, I was off on the dalasi rate for day-end July 22, 1994 by only $1 (D9.75, instead of D8.75), and again by a $1 for day-end June 3, 1994 (D19.23, instead of D20.23).
I used the international market rate because that is the import rate of the dalasi to the dollar. If an increase happens, that portion is the profit that the merchants are making. Thus, my analysis is objective, consistent and fair.
Naphiiyo,
Comrade ML Jassey-Conteh
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Print Travelers' Currency CheatSheet for US Dollar and Gambian Dalasi.
Print Friendly Conversion Results
Understanding the results
Add a currency converter to your Web site today.
Get exchange rates with amount:
Also See...
FXTrade: trade currencies with tight spreads, no minimum deposit, no commission and earn continuous interest on your money.
Order Currencies and Travelers Cheques and get them delivered to your home with FXDelivery.
Travel Expense Report Manager (FXPense): Create multi-currency expense reports online and save it in MS® Excel.
Link to Currency Converter: Find out how to link to OANDA's FXConverter.
Recommend FXConverter to a friend!
FXConverter™: Classic 164 Currency Converter © 1997-2002 by OANDA.com.
What's on this week
Buy Currency and Travelers Cheques delivered to your home for your next trip with FXDelivery.
--------------------------------------------------------------------------------
OANDA FXTrade: open a currency trading account and start trading currencies today.
--------------------------------------------------------------------------------
Currency Trading Game: see what real currency trading is like. Play the OANDA FX Trading Game.
--------------------------------------------------------------------------------
Rate OANDA.com: rate our site and tell us how we're doing.
--------------------------------------------------------------------------------
FXPense: Travel Expense Report Manager. Create your international expense reports.
--------------------------------------------------------------------------------
FXCommerce: Show prices in each of your users' home currency with FXCommerce.
--------------------------------------------------------------------------------
Add a Quick Currency Converter to your browser (FXBrowser) and see prices in your home currency when with just one click.
--------------------------------------------------------------------------------
Make OANDA.com your browser's home page.
On Mon, 3 Jun 2002 12:27:43 +0000 Jungle Sunrise <[log in to unmask]> wrote:
Jassey-Conteh wrote:
"As it stands today, the Dalasis is roughly D20.23 to the US Dollar. What happened since July 22, 1994 when the Dalasi stood at roughly D8.75 per US Dollar?"
This is absolutely incorrect, at least from the parallel market in Sere Kunda or London corner (Bambo Junction). I do not know where you got your figures from but I can categorically tell you that the Dalasi to Dollar rate pre-1994 coupe, was more than D13.50 and is less than D19.00, at least by this weekend. I know this 'cause I only changed some Dollars on Saturday and also changed Dollars before and immediately after the coupe. I can fully remember when the former AFPRC regime increased airport tax to $10.00, D150.00 or the equivalent of ten pounds sterling in other foreign currencies. Therefore the Dollar changing for less than D10.00 in 1994 is not correct and the Dollar changing for more than D20.00 right now is also not correct.
Have a good day, Gassa.
There is a time in the life of every problem when it is big enough to see, yet small enough to solve. -Mike- Levitt-
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