Philippine Peso-Dollar Forward Rates                    
                                 
  Spot and Swap Premium                              
    23-Jun-17   21-Jun-17   20-Jun-17   19-Jun-17   16-Jun-17
    BID OFFER   BID OFFER   BID OFFER   BID OFFER   BID OFFER  
  USD/PHP 50.349 50.379   50.200 50.230   50.038 50.068   49.816 49.846   49.807 49.837  
  Swap premium - onshore                              
                                 
  1 MONTH 0.196 0.236   0.193 0.234   0.190 0.230   0.186 0.226   0.185 0.226  
  2 MONTHS 0.416 0.434   0.413 0.432   0.410 0.428   0.406 0.424   0.405 0.424  
  3 MONTHS 0.636 0.737   0.633 0.735   0.630 0.731   0.626 0.727   0.625 0.727  
  6 MONTHS 1.632 1.656   1.629 1.654   1.626 1.650   1.622 1.646   1.621 1.646  
  1 YEAR 3.630 3.911   3.627 3.908   3.624 3.905   3.620 3.901   3.619 3.900  
                                 
  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