16 SELECTED FOREIGN INTEREST RATES                                                                        
averages, in percent per annum                                                                            
for periods indicated                                                                              
  2012 2013 2014 2015 2016 2017 2018  
                                                 
                                   
Prime Rates  
      USA 3.2500 3.2500 3.2500 3.2585 3.5030 4.0966 4.9036  
      Germany 0.8816 0.5797 0.1634 0.0500 0.0103 0.0000 0.0000  
      Japan  1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750  
      Switzerland 0.5078 0.5008 0.5004 0.5000 0.5000 0.5000 0.5000  
      HK 4.9811 5.0000 5.0000 5.0000 5.0000 5.0000 5.0323  
      Singapore 5.3800 5.3800 5.3500 5.3500 5.3500 5.2800 5.3300  
LIBOR  
      3 Mos. 0.4303 0.2695 0.2336 0.3156 0.7436 1.2628 2.3089  
      6 Mos. 0.6868 0.4146 0.3294 0.4843 1.0562 1.4760 2.4899  
SIBOR 1/  
      3 Mos. 0.4233 0.4063 0.4095 0.9207 1.0074 1.0568 1.5393  
      6 Mos. 0.4858 0.4697 0.4892 0.9832 1.2202 1.2546 1.6732  
US Fed Funds 0.1523 0.1117 0.0815 0.1255 0.4003 1.0007 1.8208  
US 90-Day T-Bills High 0.0816 0.0511 0.0256 0.0453 0.3084 0.9353 1.9660  
  Low 0.0805 0.0496 0.0251   0.0437   0.3037   0.9202     1.9292    
                                                                                 
  2017 2018 2019                    
    Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec   Jan Feb Mar Apr May June Jul Aug Sep Oct Nov Dec   Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  
Prime Rates  
      USA 3.7500 3.7500 3.8804 4.0000 4.0000 4.1364 4.2500 4.2500 4.2500 4.2500 4.2500 4.3929 4.5000 4.5000 4.5795 4.7500 4.7500 4.8929 5.0000 5.0000 5.0250 5.2500 5.2500 5.3452 5.5000 5.5000 5.5000  
      Germany 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000  
      Japan  1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750 1.4750  
      Switzerland 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000  
      HK 5.0000 5.0000 5.0000 5.0000 5.0000 5.0000 5.0000 5.0000 5.0000 5.0000 5.0000 5.0000 5.0000 5.0000 5.0000 5.0000 5.0000 5.0000 5.0000 5.0000 5.0125 5.1250 5.1250 5.1250 5.1250 5.1250 5.1250  
      Singapore 5.2800 5.2800 5.2800 5.2800 5.2800 5.2800 5.2800 5.2800 5.2800 5.2800 5.2800 5.2800 5.3300 5.3300 5.3300 5.3300 5.3300 5.3300 5.3300 5.3300 5.3300 5.3300 5.3300 5.3300 5.2500 5.2500 5.2500  
LIBOR  
      3 Mos. 1.0257 1.0446 1.1347 1.1591 1.1859 1.2618 1.3075 1.3142 1.3233 1.3608 1.4342 1.6018 1.7340 1.8747 2.1734 2.3494 2.3356 2.3302 2.3389 2.3236 2.3494 2.4606 2.6492 2.7877 2.7742 2.6767 2.6057  
      6 Mos. 1.3401 1.3515 1.4259 1.4174 1.4246 1.4321 1.4571 1.4537 1.4732 1.5420 1.6265 1.7680 1.9068 2.0893 2.3452 2.4937 2.4997 2.4959 2.5194 2.5197 2.5690 2.6871 2.8641 2.8892 2.8481 2.7354 2.6748  
SIBOR 1/  
      3 Mos. 0.9651 0.9509 0.9426 0.9967 0.9968 0.9949 1.0862 1.1213 1.1228 1.1250 1.1324 1.2468 1.2731 1.1732 1.3938 1.5054 1.5095 1.5195 1.6249 1.6357 1.6388 1.6422 1.7575 1.7982 1.8867 1.9338 1.9448  
      6 Mos. 1.2483 1.2486 1.2479 1.2499 1.2492 1.2479 1.2488 1.2484 1.2500 1.2500 1.2513 1.3155 1.4164 1.3665 1.5450 1.6520 1.6554 1.6615 1.7440 1.7510 1.7552 1.7571 1.8749 1.8993 1.9393 1.9878 2.0010  
US Fed Funds 0.6527 0.6565 0.7830 0.8975 0.9061 1.0423 1.1550 1.1559 1.1545 1.1564 1.1557 1.2925 1.4014 1.4053 1.5000 1.6804 1.6880 1.8183 1.9011 1.9052 1.9358 2.1714 2.1800 2.2630 2.4000 2.4000 2.4005  
US 90-Day T-Bills High 0.5137 0.5210 0.7308 0.7959 0.8932 0.9905 1.0742 1.0182 1.0349 1.0802 1.2392 1.3320 1.4222 1.5908 1.7206 1.7752 1.8983 1.9268 1.9822 2.0667 2.1646 2.2793 2.3658 2.3995 2.4203 2.4278 2.4381  
  Low 0.5061 0.5133 0.7195 0.7834 0.8788 0.9744 1.0565 1.0016 1.0180 1.0625 1.2184 1.3093 1.3976 1.5625 1.6895 1.7433 1.8631 1.8909 1.9451 2.0277 2.1230 2.2348 2.3207 2.3519 2.3715 2.3795 2.3895  
                                                                                 
r - revised  
1/ Effective 31 December 2013, SIBOR rate (in US $) sourced from Reuters has been discontinued. Starting 1 January 2014, SIBOR data for the selected reference periods in this report will show   
     SIBOR rates (in Singapore $) sourced from Bloomberg.  
Source:  Wall Street Journal, Bloomberg, Telerate, Monetary Authority of Singapore