Philippine Peso-Dollar Forward Rates                    
                                 
  Spot and Swap Premium                              
    18-Aug-17   17-Aug-17   16-Aug-17   15-Aug-17   14-Aug-17
    BID OFFER   BID OFFER   BID OFFER   BID OFFER   BID OFFER  
  USD/PHP 51.511 51.541   51.260 51.290   51.499 51.529   51.165 51.195   50.934 50.964  
  Swap premium - onshore                              
                                 
  1 MONTH 0.219 0.259   0.214 0.254   0.219 0.259   0.212 0.252   0.208 0.248  
  2 MONTHS 0.439 0.457   0.434 0.452   0.439 0.457   0.432 0.450   0.428 0.446  
  3 MONTHS 0.659 0.760   0.654 0.755   0.659 0.760   0.652 0.753   0.648 0.749  
  6 MONTHS 1.655 1.679   1.650 1.674   1.655 1.679   1.648 1.672   1.644 1.668  
  1 YEAR 3.653 3.934   3.648 3.929   3.653 3.934   3.646 3.927   3.642 3.923  
                                 
  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