25	PESOS PER US DOLLAR RATE *
	1997-2009
Period			1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010
Monthly Averages
	January		22.4644	28.0000	26.5446	25.2801	27.7245	24.6223	26.2116	26.3173	42.6610	38.4043	40.4266	50.9693	51.4097	53.5635	55.5261	55.7662	52.6171	48.9143	40.9381	47.2072	46.0276
	February		22.6245	28.0000	26.1580	25.3116	27.6463	25.0282	26.1588	26.3411	40.4143	38.7799	40.5717	48.2897	51.2817	54.0748	56.0696	54.8128	51.8168	48.3814	40.6711	47.5846
	March		22.7594	28.0000	25.8102	25.3656	27.5872	25.8590	26.1957	26.3319	39.0040	38.9108	40.9381	48.4673	51.0661	54.5909	56.3029	54.4402	51.2189	48.5172	41.2524	48.4580
	April		22.7609	27.9261	25.6672	26.0780	27.5298	26.0077	26.1897	26.3642	38.4422	38.2417	41.1884	50.1854	50.9872	52.8068	55.9039	54.4918	51.3597	47.8224	41.8196	48.2165
	May		22.9018	27.8186	26.1496	27.0064	27.0530	25.8493	26.1759	26.3721	39.2971	37.8385	41.8063	50.5389	49.8383	52.5072	55.8453	54.3411	52.1273	46.8141	42.9020	47.5242
	June		23.1026	27.7955	26.1205	27.2063	26.9756	25.6742	26.1944	26.3761	40.3991	37.8993	42.6489	51.4881	50.4065	53.3992	55.9848	55.1790	53.1567	46.1602	44.2806	47.9053
	July		23.5632	27.6210	25.2616	27.5688	26.4608	25.5140	26.1995	27.6679	41.7805	38.2798	44.3557	53.2242	50.5963	53.7138	55.9527	56.0062	52.3976	45.6251	44.9563	48.1460
	August		24.4474	27.1995	24.6691	27.9489	26.3132	25.7109	26.1994	29.3305	43.0375	39.2610	44.8977	51.9877	51.7931	54.9914	55.8342	55.9523	51.3618	46.0737	44.8769	48.1607
	September		25.3519	26.9834	24.7260	28.2337	25.9113	25.9692	26.2356	32.3945	43.7759	40.1738	45.7367	51.2499	52.1292	55.0235	56.2132	56.1562	50.4012	46.1315	46.6922	48.1394
	October		25.7500	26.9946	24.7849	29.1600	25.3945	25.9654	26.2693	34.4639	42.8882	40.3150	48.1061	51.7333	52.9070	54.9520	56.3414	55.7077	50.0038	44.3803	48.0252	46.8513
	November		28.0000	26.7366	24.9361	28.4849	24.2648	26.1671	26.2658	34.5178	39.9435	40.3409	49.7537	51.9899	53.3082	55.3718	56.3221	54.5606	49.8434	43.2176	49.1862	47.0324
	December		28.0000	26.6683	25.3221	27.7939	24.1450	26.2060	26.2925	37.1706	39.0733	40.6232	49.8962	51.7889	53.5195	55.4451	56.1828	53.6118	49.4670	41.7429	48.0942	46.4211
	Average		24.3104923	27.4786362	25.5124882	27.1198509	26.4171531	25.7144296	26.2157	29.4707	40.8931	39.0890	44.1938	50.9927	51.6036	54.2033	56.0399	55.0855	51.3143	46.1484	44.4746	47.6372	46.0276
	% Appreciation(+) / Depreciation(-)								-1.91	-11.04	-27.93	4.62	-11.55	-13.33	-1.18	-4.80	-3.28	1.73	7.35	11.19	3.76	-6.64	-3.37
	Volatility 1								0.0413	3.9235	1.9585	1.0140	3.3627	1.5740	1.1291	0.9833	0.2801	0.8396	1.1536	2.0991	2.9141	0.7112
End-of-Period
	January		22.5430	28.0000	26.5270	25.3480	27.6760	24.5730	26.1850	26.3440	42.4100	38.7170	40.3900	49.4120	51.2010	53.7990	56.0850	55.1120	52.3360	49.0270	40.6500	47.0760	46.7430
	February		22.7610	28.0000	26.0450	25.2800	27.7010	25.7320	26.1770	26.3330	40.3640	39.0980	40.8450	48.2630	51.3540	54.3450	56.2750	54.7170	52.0880	48.2870	40.3600	48.2360
	March		22.7500	28.0000	25.3830	25.5130	27.5650	25.9870	26.1970	26.3670	37.0810	38.7660	41.0630	49.3780	51.1480	53.5320	56.3570	54.7930	51.2840	48.2620	41.8680	48.4190
	April		22.8050	27.8420	25.8040	26.3850	27.2770	26.0210	26.1730	26.3690	39.9790	38.0180	41.2780	51.2180	50.7440	52.8170	55.8580	54.3540	51.8260	47.5100	42.1920	48.7040
	May		22.9770	27.8060	26.2500	27.0940	26.8740	25.7970	26.2220	26.3740	38.8980	38.0950	42.8290	50.5840	49.9660	53.2820	55.8370	54.3670	52.6540	46.2690	43.8820	47.5480
	June		23.2700	27.7500	25.5840	27.2720	26.9100	25.5750	26.2030	26.3840	42.0910	38.0190	43.1540	52.3660	50.4180	53.7060	56.1810	55.9190	53.5870	46.3290	44.7560	48.3080
	July		23.8600	27.7500	24.9100	27.6950	26.2290	25.5850	26.2280	28.9680	42.0160	38.2450	44.9410	53.5620	51.2870	54.6890	56.0090	56.1050	51.6240	45.6110	44.1400	48.1210
	August		25.0000	27.0000	23.2940	28.0430	26.4840	25.9060	26.2020	30.1650	43.8740	39.6710	45.0770	51.2100	51.8090	55.1130	56.2160	56.1600	50.9370	46.6950	45.6850	48.9060
	September		25.7500	27.0000	25.1200	29.8130	26.0000	26.0650	26.2570	33.8730	43.8090	41.1120	46.2830	51.3550	52.4470	54.9420	56.3360	56.0550	50.3870	45.0630	46.9170	47.5920
	October		25.7500	27.0000	24.6360	28.8310	24.9280	25.9920	26.2850	34.9380	40.8310	40.1580	51.4270	51.9350	53.0170	55.2450	56.3510	55.0600	49.8050	43.9470	48.7460	47.7320
	November		28.0000	26.7000	25.4920	27.9580	23.8790	26.1830	26.2870	34.6550	39.4620	40.7870	49.3930	52.0240	53.5890	55.7670	56.2310	53.9990	49.7630	42.7980	48.8800	46.7520
	December		28.0000	26.6500	25.0960	27.6990	24.4180	26.2140	26.2880	39.9750	39.0590	40.3130	49.9980	51.4040	53.0960	55.5690	56.2670	53.0670	49.1320	41.4010	47.4850	46.3560
*     Weighted average rate under the  Philippine Dealing System  (PDS)  starting   August  4, 1992
1    Annual Cummulative Volatility