Philippine Peso-Dollar Forward Rates
	Spot and Swap Premium
		05-Sep-08			04-Sep-08			03-Sep-08			02-Sep-08			01-Sep-08
		BID	OFFER		BID	OFFER		BID	OFFER		BID	OFFER		BID	OFFER
	USD/PHP	46.853	46.883		46.698	46.728		46.554	46.584		46.402	46.432		46.237	46.267
	Swap premium - onshore
	1 MONTH	0.137	0.177		0.134	0.174		0.131	0.171		0.127	0.168		0.124	0.164
	2 MONTHS	0.357	0.375		0.354	0.372		0.351	0.369		0.347	0.366		0.344	0.362
	3 MONTHS	0.577	0.678		0.574	0.675		0.571	0.672		0.567	0.669		0.564	0.665
	6 MONTHS	1.573	1.597		1.570	1.594		1.567	1.591		1.563	1.588		1.560	1.584
	1 YEAR	3.571	3.852		3.568	3.849		3.565	3.846		3.561	3.842		3.558	3.839
	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