Philippine Peso-Dollar Forward Rates                    
                                 
  Spot and Swap Premium                              
    23-May-19   22-May-19   21-May-19   20-May-19 17-May-19  
    BID OFFER   BID OFFER   BID OFFER   BID OFFER   BID OFFER  
  USD/PHP 52.513 52.543   52.441 52.471   52.545 52.575   52.623 52.653   52.483 52.513  
  Swap premium - onshore                              
                                 
  1 MONTH 0.236 0.276   0.235 0.275   0.237 0.277   0.238 0.279   0.236 0.276  
  2 MONTHS 0.456 0.474   0.455 0.473   0.457 0.475   0.458 0.477   0.456 0.474  
  3 MONTHS 0.676 0.777   0.675 0.776   0.677 0.778   0.678 0.780   0.676 0.777  
  6 MONTHS 1.672 1.696   1.671 1.695   1.673 1.697   1.674 1.699   1.672 1.696  
  1 YEAR 3.670 3.951   3.669 3.950   3.671 3.952   3.672 3.953   3.670 3.951  
                                 
  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                  
                                 
  Data processed at 12:00pm.