12  PESOS PER US DOLLAR RATE 1            
   for periods indicated                
                    
   
      Period 2013 2014 2015 2016 2017 2018  
                   
   
      Monthly Averages  
   
  January 40.7295 44.9266 44.6044 47.5111 49.7363 50.5087  
  February 40.6723 44.8950 44.2214 47.6361 49.9614 51.7856  
  March 40.7127 44.7916 44.4457 46.7240 50.2752 52.0676  
  April 41.1422 44.6416 44.4136 46.2845 49.8626 52.0986  
  May 41.2976 43.9236 44.6106 46.8023 49.8603 52.1948  
  June 42.9069 43.8175 44.9831 46.4645 49.8501  
  July 43.3559 43.4665 45.2649 47.0581 50.6382  
  August 43.8639 43.7673 46.1420 46.6809 50.8747  
  September 43.8318 44.0751 46.7504 47.4294 51.0094  
  October 43.1825 44.7979 46.3609 48.3482 51.3433  
  November 43.5546 44.9514 47.0067 49.1550 51.0384  
  December 44.1043 44.6878 47.2303 49.8156 50.3947  
   
       Average 42.4462 44.3952 45.5028 47.4925 50.4037 51.7311  
       % Appreciation(+) / Depreciation(-) -0.51 -4.39 -2.43 -4.19 -5.78 r
  Volatility 2 1.3701 0.5710 1.0807 1.1040 0.5867  
   
      End-of-Period  
   
  January 40.6530 45.1550 44.1320 47.8230 49.8140 51.4210  
  February 40.7360 44.6560 44.0870 47.5600 50.2670 52.0340  
  March 40.9380 44.9960 44.7960 46.1080 50.1940 52.2070  
  April 41.1610 44.4630 44.2500 46.7730 49.6990 51.9650  
  May 42.3760 43.9270 44.6500 46.7750 49.8670 52.6890  
  June 43.3070 43.7800 45.2000 46.9600 50.4660  
  July 43.4020 43.4210 45.6180 47.0850 50.5820  
  August 44.6350 43.6480 46.7050 46.4670 51.1660  
  September 43.3090 44.9660 46.9260 48.2570 51.0730  
  October 43.1790 44.8760 46.8900 48.5150 51.7990  
  November 43.7360 44.9160 47.0690 49.7770 50.3650  
  December 44.4140 44.6170 47.1660 49.8130 49.9230  
                   
   
  1   Weighted average rate under the Philippine Dealing System (PDS) starting  04 August 1992   
  2   Standard deviation of daily exchange rate