DAILY PESOS PER U.S. DOLLAR RATE
		Feb-14	to	Dec-14
		Date		Feb-14	Mar-14	Apr-14	May-14	Jun-14	Jul-14	Aug-14	Sep-14	Oct-14	Nov-14	Dec-14	Dec-14
		1				44.809			43.647	43.465	43.660	44.882		44.905	44.905
		2				44.751	44.541	43.832	43.595		43.556	44.966		44.915	44.915
		3		45.342	44.664	44.786		43.849	43.613		43.577	44.757	44.881	44.762	44.762
		4		45.389	44.729	44.980		43.840	43.636	43.727	43.653		44.960	44.741	44.741
		5		45.406	44.815		44.531	43.898		43.703	43.566		44.957	44.648	44.648
		6		45.320	44.759		44.414	43.814		43.569			44.893
		7		45.238	44.639	45.003	44.356		43.541	43.722		44.773	45.038
		8				44.860	44.273		43.478	43.946	43.674	44.698
		9					44.232	43.668	43.445		43.562	44.767		44.510	44.510
		10		45.044	44.436	44.829		43.558	43.342		43.712	44.624	45.069	44.582	44.582
		11		44.922	44.512	44.426		43.659	43.280	44.175	43.878		44.879	44.576	44.576
		12		45.012	44.484		43.775			43.926	43.898		44.912	44.577	44.577
		13		44.964	44.631		43.721	43.757		43.877		44.747	44.913
		14		44.892	44.566	44.371	43.781		43.503	43.944		44.788	44.873
		15				44.420	43.627		43.521	43.755	43.967	44.759		44.560	44.560
		16				44.526	43.646	43.788			44.096	44.869		44.632	44.632
		17		44.770	44.674			43.879	43.595		44.236	44.818	44.930	44.802	44.802
		18		44.523	44.688			43.951	43.554	43.671	44.157		44.887	44.711	44.711
		19		44.551	44.648		43.770	44.017		43.687			44.939	44.749	44.749
		20		44.630	44.829		43.632	43.872		43.687		44.927	45.054
		21		44.743	45.070	44.487	43.728		43.595			44.830	45.119
		22				44.405	43.792		43.449	43.783	44.511	44.775		44.753	44.753
		23				44.517	43.713	43.786	43.359		44.455	44.779		44.652	44.652
		24		44.652	45.236	44.619		43.790	43.288		44.553	44.822	44.996
		25		44.637	45.212	44.689		43.858	43.297		44.500		44.936
		26		44.574	45.052		43.620	43.919		43.809	44.596		44.960
		27		44.635	45.018		43.700	43.835		43.795		44.815	44.916
		28		44.656	44.965	44.709	43.712		43.334	43.690		44.762	44.916
		29				44.540	43.905			43.648	44.805	44.781		44.617	44.617
		30				44.463	43.927	43.780	43.304		44.966	44.738
		31			44.996				43.421			44.876
		AVERAGE		44.895	44.792	44.642	43.924	43.818	43.467	43.767	44.075	44.798	44.951	44.688	44.688
		AVERAGE				44.776	44.563	44.414	44.256	44.186	44.172	44.242	44.313	44.347	44.375
		(Cumulative)
	Source: Reference Exchange Rate Bulletin, Treasury Department, BSP
	Date updated			29-Dec-2014