Philippine Peso-Dollar Forward Rates                    
                                 
  Spot and Swap Premium                              
    8-Jul-20   7-Jul-20   6-Jul-20   3-Jul-20   2-Jul-20  
    BID OFFER   BID   OFFER   BID OFFER   BID OFFER   BID OFFER  
  USD/PHP 49.549 49.579   49.371 49.401   49.482 49.512   49.634 49.664   49.762 49.792  
  Swap premium - onshore                              
                                 
  1 MONTH 0.177 0.217   0.173 0.214   0.176 0.216   0.179 0.219   0.181 0.221  
  2 MONTHS 0.397 0.415   0.393 0.412   0.396 0.414   0.399 0.417   0.401 0.419  
  3 MONTHS 0.617 0.718   0.613 0.715   0.616 0.717   0.619 0.720   0.621 0.722  
  6 MONTHS 1.613 1.637   1.609 1.634   1.612 1.636   1.615 1.639   1.617 1.641  
  1 YEAR 3.611 3.892   3.607 3.888   3.610 3.890   3.613 3.894   3.615 3.896  
                                 
  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