36	CROSS RATES OF THE PESO
	in pesos per unit of foreign currency
	period averages
			US	Japanese		Pound	Canadian	Swiss	Brunei	Australian	Hongkong	N T	S. Korean	Singapore	Malaysian	Thai	Indonesian	Saudi
	Period		Dollar	Yen	Euro	Sterling	Dollar	Franc	Dollar	Dollar	Dollar	Dollar	Won	Dollar	Ringgit	Baht	Rupiah	Rial	S.D.R.
	1997		29.4707	0.2434	n.a.	48.3390	21.2686	20.3514	19.7361	21.8056	3.8068	1.0263	0.0314	19.7974	10.5341	0.9684	0.0105	7.8597	40.5287
	1998		40.8931	0.3136	n.a.	67.7738	27.5829	28.2765	24.4066	25.6919	5.2790	1.2235	0.0294	24.4744	10.4582	0.9981	0.0042	10.9020	55.4620
	1999		39.0890	0.3454	41.7205	63.2712	26.3288	26.0685	23.0168	25.2128	5.0337	1.2146	0.0329	23.0852	10.2879	1.0340	0.0051	10.4229	53.4692
	2000		44.1938	0.4101	40.7246	66.8438	29.7425	26.1717	25.5510	25.6075	5.6715	1.4175	0.0391	25.6243	11.6296	1.0997	0.0053	11.7838	58.2303
	2001	Ave	50.9927	0.4204	45.6939	73.4748	32.9472	30.2608	28.4043	26.3777	6.5404	1.5123	0.0397	28.4775	13.4208	1.1472	0.0050	13.5995	64.9260
	2002	Ave	51.6036	0.4129	48.8125	77.5915	32.8804	33.2722	28.7500	28.0522	6.6174	1.5101	0.0424	28.8364	13.6979	1.2006	0.0056	13.7621	67.9656
	2003		54.2033	0.4684	61.3506	88.6387	39.3975	40.3415	31.0349	35.3419	6.9610	1.5800	0.0456	31.1237	14.2659	1.3070	0.0063	14.4542	75.9277
	2004	Ave	56.0399	0.5184	69.6852	102.6979	43.1361	45.1489	33.0628	41.3911	7.1955	1.6820	0.0490	33.1644	14.7489	1.3932	0.0063	14.9438	82.9977
	2005	Ave	55.0855	0.5015	68.6102	100.2974	45.4988	44.3124	33.0098	41.9921	7.0830	1.7161	0.0538	33.1090	14.5482	1.3697	0.0057	14.6891	81.3908
	2006	Ave	51.3143	0.4414	64.4473	94.5112	45.2609	40.9739	32.2006	38.6356	6.6060	1.5793	0.0538	32.3020	13.9972	1.3542	0.0056	13.6836	75.5338
	2007	Ave	46.1484	0.3919	63.1489	92.3479	43.0173	38.4496	30.5111	38.5971	5.9149	1.4047	0.0497	30.6124	13.4272	1.4331	0.0051	12.3179	70.5869
	2008		44.4746	0.4320	65.1686	82.0696	41.7991	41.0514	31.3116	37.6375	5.7126	1.4105	0.0409	31.4224	13.3387	1.3403	0.0046	11.8607	70.1843
	2009	Ave	47.6372	0.5099	66.3788	74.5944	41.8951	43.9625	32.6818	37.6693	6.1458	1.4427	0.0376	32.7944	13.5294	1.3888	0.0046	12.7028	73.4364
	2010	Ave	45.1097	0.5144	59.8705	69.7563	43.7844	43.3050	32.9847	41.4212	5.8067	1.4314	0.0390	33.1059	14.0129	1.4232	0.0050	12.0295	68.8123
	2011	Ave	43.3131	0.5436	60.2791	69.4551	43.8119	48.9662	34.3201	44.6817	5.5645	1.4746	0.0391	34.4567	14.1716	1.4219	0.0049	11.5500	68.3620
		January	44.1722	0.5350	59.0151	69.6606	44.4570	46.2116	34.2085	44.0517	5.6790	1.5183	0.0395	34.3415	14.4303	1.4482	0.0049	11.7796	68.2770
		February	43.7031	0.5293	59.6914	70.4721	44.2020	46.0159	34.1152	44.0366	5.6109	1.4973	0.0391	34.2489	14.3526	1.4237	0.0049	11.6540	68.2693
		March	43.5160	0.5335	60.9427	70.3743	44.5723	47.3595	34.1769	43.9773	5.5850	1.4748	0.0388	34.3116	14.3386	1.4333	0.0050	11.6040	68.7374
		April	43.2402	0.5190	62.3995	70.6571	45.0826	48.0457	34.4943	45.6185	5.5619	1.4866	0.0398	34.6324	14.3268	1.4375	0.0050	11.5310	68.9986
		May	43.1307	0.5317	61.8629	70.5236	44.6060	49.3740	34.7008	46.0878	5.5488	1.5014	0.0399	34.8410	14.3417	1.4284	0.0050	11.5015	68.9361
		June	43.3657	0.5386	62.4391	70.4189	44.3832	51.5988	34.9913	45.9843	5.5726	1.5075	0.0402	35.1330	14.3534	1.4232	0.0051	11.5644	69.3538
		July	42.8088	0.5389	61.1949	69.0626	44.7758	51.9290	35.0203	46.0799	5.4967	1.4851	0.0404	35.1642	14.2929	1.4211	0.0050	11.4159	68.2726
		August	42.4209	0.5505	60.7724	69.4325	43.2776	54.6484	34.9436	44.5780	5.4408	1.4650	0.0395	35.0881	14.2280	1.4214	0.0050	11.3124	68.0788
		September	43.0256	0.5599	59.3496	67.9974	43.0748	49.5972	34.3344	44.1290	5.5202	1.4516	0.0387	34.4720	14.0215	1.4171	0.0049	11.4726	67.8892
		October	43.4514	0.5669	59.4688	68.3653	42.4633	48.3373	33.8370	43.8464	5.5856	1.4334	0.0376	33.9693	13.8267	1.4070	0.0049	11.5864	68.2155
		November	43.2745	0.5587	58.6807	68.3853	42.2048	47.6337	33.4209	43.6286	5.5605	1.4318	0.0381	33.5505	13.7269	1.3992	0.0048	11.5394	67.7735
		December	43.6486	0.5606	57.5321	68.1115	42.6439	46.8433	33.5977	44.1626	5.6121	1.4428	0.0381	33.7275	13.8198	1.4032	0.0048	11.6391	67.5418
			43.6579	0.5292	60.5122	70.2910	44.5785	46.9082	34.2487	44.4210	5.6092	1.4943	0.0393	34.3836	14.3621	1.4357	0.0049	11.6421	68.5706
	2012	Ave	42.9593	0.5392	56.4063	67.8264	42.9951	46.7542	33.9460	45.1121	5.5357	1.4495	0.0379	34.0807	14.0367	1.3879	0.0047	11.4554	66.2458
		January	43.6191	0.5670	56.2828	67.6569	43.0283	46.4833	33.9379	45.3095	5.6185	1.4524	0.0381	34.0705	13.9823	1.3818	0.0048	11.6315	66.9606
		February	42.6608	0.5448	56.4222	67.4003	42.7692	46.7513	33.8937	45.7292	5.5017	1.4439	0.0380	34.0289	14.1129	1.3882	0.0047	11.3759	66.0700
		March	42.8574	0.5199	56.6288	67.8338	43.1664	46.9533	33.9315	45.2096	5.5216	1.4523	0.0381	34.0664	14.0931	1.3975	0.0047	11.4280	66.0425
		April	42.6998	0.5253	56.2914	68.4145	43.0165	46.8292	34.0210	44.2003	5.5012	1.4492	0.0376	34.1571	13.9585	1.3841	0.0047	11.3863	65.9100
n.a. - not available
Source:   Reference Exchange Rate Bulletin, Treasury Department, Bangko Sentral ng Pilipinas