Philippine Peso-Dollar Forward Rates                    
                                 
  Spot and Swap Premium                              
    17-Jan-18   16-Jan-18   15-Jan-18   12-Jan-18   11-Jan-18
    BID OFFER   BID OFFER   BID OFFER   BID OFFER   BID OFFER  
  USD/PHP 50.575 50.605   50.404 50.434   50.324 50.354   50.263 50.293   50.348 50.378  
  Swap premium - onshore                              
                                 
  1 MONTH 0.200 0.240   0.197 0.237   0.195 0.235   0.194 0.234   0.196 0.236  
  2 MONTHS 0.420 0.438   0.417 0.435   0.415 0.433   0.414 0.432   0.416 0.434  
  3 MONTHS 0.640 0.741   0.637 0.738   0.635 0.736   0.634 0.735   0.636 0.737  
  6 MONTHS 1.636 1.660   1.633 1.657   1.631 1.655   1.630 1.654   1.632 1.656  
  1 YEAR 3.634 3.915   3.631 3.912   3.629 3.910   3.628 3.909   3.630 3.911  
                                 
  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