Philippine Peso-Dollar Forward Rates                    
                                 
  Spot and Swap Premium                              
    23-Jul-18   20-Jul-18   19-Jul-18   18-Jul-18   17-Jul-18
    BID OFFER   BID OFFER   BID OFFER   BID OFFER   BID OFFER  
  USD/PHP 53.418 53.448   53.508 53.538   53.500 53.530   53.429 53.459   53.481 53.511  
  Swap premium - onshore                              
                                 
  1 MONTH 0.254 0.294   0.256 0.296   0.256 0.296   0.254 0.295   0.255 0.296  
  2 MONTHS 0.474 0.492   0.476 0.494   0.476 0.494   0.474 0.493   0.475 0.494  
  3 MONTHS 0.694 0.795   0.696 0.797   0.696 0.797   0.694 0.796   0.695 0.797  
  6 MONTHS 1.690 1.714   1.692 1.716   1.692 1.716   1.690 1.715   1.691 1.716  
  1 YEAR 3.688 3.969   3.690 3.971   3.690 3.971   3.688 3.969   3.689 3.970  
                                 
  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