Philippine Peso-Dollar Forward Rates                    
                                 
  Spot and Swap Premium                              
    18-Jan-19   17-Jan-19   16-Jan-19   15-Jan-19   14-Jan-19
    BID OFFER   BID OFFER   BID OFFER   BID OFFER   BID OFFER  
  USD/PHP 52.393 52.423   52.204 52.234   52.147 52.177   52.131 52.161   52.137 52.167  
  Swap premium - onshore                              
                                 
  1 MONTH 0.234 0.275   0.231 0.271   0.230 0.270   0.229 0.270   0.230 0.270  
  2 MONTHS 0.454 0.473   0.451 0.469   0.450 0.468   0.449 0.468   0.450 0.468  
  3 MONTHS 0.674 0.776   0.671 0.772   0.670 0.771   0.669 0.771   0.670 0.771  
  6 MONTHS 1.670 1.695   1.667 1.691   1.666 1.690   1.665 1.690   1.666 1.690  
  1 YEAR 3.668 3.949   3.665 3.946   3.664 3.945   3.663 3.944   3.664 3.944  
                                 
  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