Philippine Peso-Dollar Forward Rates                    
                                 
  Spot and Swap Premium                              
    15-Dec-17   14-Dec-17   13-Dec-17   12-Dec-17   11-Dec-17
    BID OFFER   BID OFFER   BID OFFER   BID OFFER   BID OFFER  
  USD/PHP 50.480 50.510   50.372 50.402   50.459 50.489   50.398 50.428   50.339 50.369  
  Swap premium - onshore                              
                                 
  1 MONTH 0.198 0.239   0.196 0.236   0.198 0.238   0.197 0.237   0.196 0.236  
  2 MONTHS 0.418 0.437   0.416 0.434   0.418 0.436   0.417 0.435   0.416 0.434  
  3 MONTHS 0.638 0.740   0.636 0.737   0.638 0.739   0.637 0.738   0.636 0.737  
  6 MONTHS 1.634 1.659   1.632 1.656   1.634 1.658   1.633 1.657   1.632 1.656  
  1 YEAR 3.632 3.913   3.630 3.911   3.632 3.913   3.631 3.912   3.630 3.910  
                                 
  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