12  PESOS PER US DOLLAR RATE 1            
   for periods indicated                
                    
   
      Period 2014 2015 2016 2017 2018 2019  
                   
   
      Monthly Averages  
   
  January 44.9266 44.6044 47.5111 49.7363 50.5087 52.4679  
  February 44.8950 44.2214 47.6361 49.9614 51.7856 52.1901  
  March 44.7916 44.4457 46.7240 50.2752 52.0676  
  April 44.6416 44.4136 46.2845 49.8626 52.0986  
  May 43.9236 44.6106 46.8023 49.8603 52.1948  
  June 43.8175 44.9831 46.4645 49.8501 53.0476  
  July 43.4665 45.2649 47.0581 50.6382 53.4329  
  August 43.7673 46.1420 46.6809 50.8747 53.2735  
  September 44.0751 46.7504 47.4294 51.0094 53.9419  
  October 44.7979 46.3609 48.3482 51.3433 54.0086  
  November 44.9514 47.0067 49.1550 51.0384 52.8083  
  December 44.6878 47.2303 49.8156 50.3947 52.7691  
   
       Average 44.3952 45.5028 47.4925 50.4037 52.6614 52.3290  
       % Appreciation(+) / Depreciation(-) -4.39 -2.43 -4.19 -5.78 -4.29 r
  Volatility 2 0.5710 1.0807 1.1040 0.5867 1.0107  
   
      End-of-Period  
   
  January 45.1550 44.1320 47.8230 49.8140 51.4210 52.3520  
  February 44.6560 44.0870 47.5600 50.2670 52.0340 52.0060  
  March 44.9960 44.7960 46.1080 50.1940 52.2070  
  April 44.4630 44.2500 46.7730 49.6990 51.9650  
  May 43.9270 44.6500 46.7750 49.8670 52.6890  
  June 43.7800 45.2000 46.9600 50.4660 53.5220  
  July 43.4210 45.6180 47.0850 50.5820 53.2630  
  August 43.6480 46.7050 46.4670 51.1660 53.4340  
  September 44.9660 46.9260 48.2570 51.0730 54.2510  
  October 44.8760 46.8900 48.5150 51.7990 53.6060  
  November 44.9160 47.0690 49.7770 50.3650 52.6080  
  December 44.6170 47.1660 49.8130 49.9230 52.7240  
                   
   
  1   Weighted average rate under the Philippine Dealing System (PDS) starting  04 August 1992   
  2   Standard deviation of daily exchange rate