Philippine Peso-Dollar Forward Rates                    
                                 
  Spot and Swap Premium                              
    20-Oct-17   19-Oct-17   18-Oct-17   17-Oct-17   16-Oct-17
    BID OFFER   BID OFFER   BID OFFER   BID OFFER   BID OFFER  
  USD/PHP 51.526 51.556   51.419 51.449   51.370 51.400   51.258 51.288        
  Swap premium - onshore                              
                                 
  1 MONTH 0.219 0.259   0.217 0.257   0.216 0.256   0.214 0.254        
  2 MONTHS 0.439 0.457   0.437 0.455   0.436 0.454   0.434 0.452        
  3 MONTHS 0.659 0.760   0.657 0.758   0.656 0.757   0.654 0.755        
  6 MONTHS 1.655 1.679   1.653 1.677   1.652 1.676   1.650 1.674        
  1 YEAR 3.653 3.934   3.651 3.932   3.650 3.931   3.648 3.929        
                                 
  Source : Reuters                              
  Forward exchange rate can be derived from the addition of spot rate and swap premium              
  Note: Peso-Dollar rate are AM (morning) spot rates