26	CROSS RATES OF THE PESO
	in pesos per unit of foreign currency
	period averages
			US	Japanese		Pound	Canadian	Swiss	Brunei	Australian	Hongkong	N T	S. Korean	Singapore	Malaysian	Thai	Indonesian	Saudi
	Period		Dollar	Yen	Euro	Sterling	Dollar	Franc	Dollar	Dollar	Dollar	Dollar	Won	Dollar	Ringgit	Baht	Rupiah	Rial	S.D.R.
	1990		24.3105	0.1695		43.6224	20.8060	17.6835	13.4675	19.0141	3.1209	0.9148	0.0348	13.4767	8.9972	0.9547	0.0133	6.4929	33.1081
	1991		27.4786	0.2044		48.6757	23.9564	19.2709	15.8649	21.3959	3.5366	1.0385	0.0382	15.9227	10.0013	1.0820	0.0142	7.3501	37.5644
	1992		25.5125	0.2016		45.1015	21.1465	18.2085	15.6216	18.7665	3.2965	1.0247	0.0334	15.6665	10.0233	1.0088	0.0126	6.8192	35.9307
	1993		27.1199	0.2453		40.7789	21.0228	18.3911	16.7555	18.4058	3.5062	1.0403	0.0342	16.8049	10.5518	1.0766	0.0130	7.2341	37.7832
	1994		26.4172	0.2585		40.4311	19.3607	19.3351	17.2274	19.3013	3.4183	1.0109	0.0328	17.2862	10.0684	1.0542	0.0122	7.0622	37.7821
	1995		25.7144	0.2752	n.a.	40.6134	18.7460	21.8090	18.0872	19.0605	3.3245	0.9812	0.0333	18.1477	10.2718	1.0339	0.0114	6.8729	39.0242
	1996		26.2157	0.2412	n.a.	40.9377	19.2320	21.2312	18.5343	20.5214	3.3897	0.9641	0.0326	18.5983	10.4252	1.0354	0.0112	7.0074	38.0631
	1997		29.4707	0.2434	n.a.	48.3390	21.2686	20.3514	19.7361	21.8056	3.8068	1.0263	0.0314	19.7974	10.5341	0.9684	0.0105	7.8597	40.5287
	1998		40.8931	0.3136	n.a.	67.7738	27.5829	28.2765	24.4066	25.6919	5.2790	1.2235	0.0294	24.4744	10.4582	0.9981	0.0042	10.9020	55.4620
	1999		39.0890	0.3454	41.7205	63.2712	26.3288	26.0685	23.0168	25.2128	5.0337	1.2146	0.0329	23.0852	10.2879	1.0340	0.0051	10.4229	53.4692
	2000		44.1938	0.4101	40.7246	66.8438	29.7425	26.1717	25.5510	25.6075	5.6715	1.4175	0.0391	25.6243	11.6296	1.0997	0.0053	11.7838	58.2303
	2001	Ave	50.9927	0.4204	45.6939	73.4748	32.9472	30.2608	28.4043	26.3777	6.5404	1.5123	0.0397	28.4775	13.4208	1.1472	0.0050	13.5995	64.9260
	2002	Ave	51.6036	0.4129	48.8125	77.5915	32.8804	33.2722	28.7500	28.0522	6.6174	1.5101	0.0424	28.8364	13.6979	1.2006	0.0056	13.7621	67.9656
	2003		54.2033	0.4684	61.3506	88.6387	39.3975	40.3415	31.0349	35.3419	6.9610	1.5800	0.0456	31.1237	14.2659	1.3070	0.0063	14.4542	75.9277
	2004	Ave	56.0399	0.5184	69.6852	102.6979	43.1361	45.1489	33.0628	41.3911	7.1955	1.6820	0.0490	33.1644	14.7489	1.3932	0.0063	14.9438	82.9977
	2005	Ave	55.0855	0.5015	68.6102	100.2974	45.4988	44.3124	33.0098	41.9921	7.0830	1.7161	0.0538	33.1090	14.5482	1.3697	0.0057	14.6891	81.3908
	2006	Ave	51.3143	0.4414	64.4473	94.5112	45.2609	40.9739	32.2006	38.6356	6.6060	1.5793	0.0538	32.3020	13.9972	1.3542	0.0056	13.6836	75.5338
		Jan	52.6171	0.4556	63.7042	92.8324	45.4383	41.1205	32.1017	39.3921	6.7862	1.6401	0.0534	32.1999	14.0198	1.3259	0.0056	14.0308	76.0902
		Feb	51.8168	0.4393	61.9465	90.6459	45.1114	39.7511	31.7177	38.4545	6.6780	1.6059	0.0535	31.8151	13.9022	1.3181	0.0056	13.8175	74.4059
		Mar	51.2189	0.4369	61.5913	89.4037	44.3360	39.2575	31.4971	37.2809	6.6012	1.5784	0.0526	31.5942	13.8282	1.3149	0.0056	13.6575	73.6932
		Apr	51.3597	0.4392	63.0480	90.7294	44.8312	40.0147	31.9755	37.7473	6.6216	1.5896	0.0539	32.0753	14.0217	1.3509	0.0058	13.6943	74.4991
		May	52.1273	0.4665	66.5628	97.4332	46.9769	42.7762	32.9744	39.8281	6.7228	1.6424	0.0554	33.0791	14.4436	1.3733	0.0058	13.9015	77.6044
		Jun	53.1567	0.4639	67.3326	98.0421	47.7408	43.1639	33.3137	39.3115	6.8472	1.6393	0.0557	33.4184	14.5203	1.3861	0.0057	14.1739	78.6007
		Jul	52.3976	0.4531	66.5248	96.5927	46.4947	42.4159	32.9870	39.3404	6.7410	1.6085	0.0552	33.0911	14.2894	1.3794	0.0057	13.9718	77.3919
		Aug	51.3618	0.4434	65.7810	97.1914	45.8676	41.6952	32.4967	39.2047	6.6051	1.5672	0.0535	32.5999	13.9870	1.3656	0.0057	13.6956	76.3655
		Sep	50.4012	0.4304	64.2297	95.1559	45.1774	40.5550	31.8406	38.1384	6.4776	1.5325	0.0528	31.9415	13.7408	1.3468	0.0055	13.4393	74.7056
		Oct	50.0038	0.4215	63.1181	93.7642	44.3394	39.7028	31.5691	37.6067	6.4222	1.5076	0.0525	31.6691	13.5934	1.3393	0.0055	13.3369	73.6905
		Nov	49.8434	0.4248	64.1818	95.2013	43.8773	40.3060	31.9282	38.4686	6.4048	1.5188	0.0533	32.0308	13.6844	1.3641	0.0055	13.2911	74.1655
		Dec	49.4670	0.4222	65.3468	97.1423	42.9399	40.9277	32.0055	38.8537	6.3642	1.5220	0.0535	32.1094	13.9351	1.3859	0.0054	13.1932	75.1931
	2007	Ave	46.1484	0.3919	63.1489	92.3479	43.0173	38.4496	30.5111	38.5971	5.9149	1.4047	0.0497	30.6124	13.4272	1.4331	0.0051	12.3179	70.5869
		January	48.9143	0.4065	63.5771	95.8111	41.6321	39.3756	31.7179	38.3072	6.2725	1.4942	0.0523	31.8211	13.9459	1.3873	0.0054	13.0440	73.1269
		February	48.3814	0.4015	63.2780	94.7725	41.3271	39.0305	31.4523	37.8359	6.1939	1.4677	0.0517	31.5548	13.8438	1.4295	0.0053	12.9020	72.3995
		March	48.5172	0.4136	64.2540	94.4978	41.4933	39.8396	31.7192	38.4226	6.2098	1.4700	0.0515	31.8232	13.9001	1.4869	0.0053	12.9405	73.1279
		April	47.8224	0.4023	64.6526	95.1116	42.1660	39.4585	31.4680	39.5728	6.1195	1.4431	0.0514	31.5719	13.9198	1.4759	0.0053	12.7526	72.6994
		May	46.8141	0.3875	63.2659	92.8791	42.7499	38.3245	30.6438	38.5954	5.9870	1.4069	0.0505	30.7444	13.7642	1.4260	0.0053	12.4832	71.0755
		June	46.1602	0.3765	61.9562	91.7086	43.3150	37.4446	29.9478	38.8230	5.9077	1.3996	0.0497	30.0453	13.4189	1.4291	0.0051	12.3088	69.7659
		July	45.6251	0.3751	62.5667	92.7695	43.4067	37.7608	29.9866	39.5319	5.8353	1.3911	0.0497	30.0855	13.2708	1.4972	0.0050	12.1662	69.7175
		August	46.0737	0.3936	62.7822	92.7444	43.5070	38.2991	30.1795	38.3617	5.8936	1.3984	0.0494	30.2786	13.2484	1.4677	0.0049	12.2848	70.4771
		September	46.1315	0.4007	64.0563	93.1168	44.8363	38.8688	30.3986	38.8451	5.9266	1.3966	0.0496	30.4991	13.2751	1.4403	0.0049	12.3137	71.1562
		October	44.3803	0.3830	63.0922	90.7106	45.3861	37.7837	30.1333	39.7530	5.7226	1.3627	0.0485	30.2360	13.1397	1.4079	0.0049	11.8696	69.1204
		November	43.2176	0.3902	63.5045	89.5467	44.8010	38.5646	29.7776	38.6827	5.5563	1.3369	0.0471	29.8806	12.8856	1.3772	0.0047	11.5950	68.5765
		December	41.7429	0.3721	60.8011	84.5059	41.5872	36.6449	28.7090	36.4336	5.3535	1.2890	0.0449	28.8081	12.5145	1.3720	0.0045	11.1548	65.7996
	2008		44.4746	0.4320	65.1686	82.0696	41.7991	41.0514	31.3116	37.6375	5.7126	1.4105	0.0409	31.4224	13.3387	1.3403	0.0046	11.8607	70.1843
		January	40.9381	0.3794	60.2229	80.6191	40.5200	37.1439	28.4982	36.0445	5.2452	1.2652	0.0435	28.5977	12.5225	1.3241	0.0044	10.9184	64.8243
		February	40.6711	0.3793	59.9526	79.8763	40.6790	37.2736	28.7026	37.0259	5.2160	1.2834	0.0431	28.8042	12.6119	1.2462	0.0044	10.8481	64.4651
		March	41.2524	0.4080	63.9347	82.6259	41.2956	40.6703	29.6983	38.1629	5.3011	1.3487	0.0423	29.8056	12.9528	1.3114	0.0045	11.0085	67.2461
		April	41.8196	0.4078	65.9431	82.8476	41.2532	41.3067	30.5647	38.8830	5.3681	1.3780	0.0424	30.6768	13.2289	1.3254	0.0046	11.1505	68.4797
		May	42.9020	0.4116	66.7637	84.3039	42.9183	41.0905	31.3090	40.7345	5.5010	1.4028	0.0414	31.4236	13.3520	1.3383	0.0046	11.4395	69.6832
		June	44.2806	0.4142	68.8648	87.0966	43.6120	42.6721	32.2597	42.0844	5.6717	1.4579	0.0430	32.3776	13.6069	1.3360	0.0048	11.8083	71.6635
		July	44.9563	0.4211	70.8947	89.4501	44.3744	43.8001	32.9707	43.2706	5.7638	1.4795	0.0442	33.0921	13.8360	1.3428	0.0049	11.9911	73.3647
		August	44.8769	0.4107	67.4100	85.1592	42.6804	41.5585	31.9105	39.8032	5.7480	1.4409	0.0431	32.0244	13.5226	1.3278	0.0049	11.9670	71.2902
		September	46.6922	0.4376	67.2060	84.1501	44.1509	42.1640	32.5786	38.3280	5.9949	1.4622	0.0414	32.6927	13.5796	1.3622	0.0050	12.4482	72.6916
		October	48.0252	0.4800	63.9365	81.3420	40.8528	42.0732	32.4392	32.9715	6.1897	1.4706	0.0364	32.5491	13.6507	1.3963	0.0049	12.7950	72.7796
		November	49.1862	0.5074	62.6132	75.3922	40.4029	41.3617	32.5712	32.3399	6.3461	1.4872	0.0356	32.6794	13.7308	1.4037	0.0043	13.1308	72.9441
		December	48.0942	0.5269	64.2812	71.9729	38.8501	41.5021	32.2367	32.0015	6.2054	1.4494	0.0347	32.3452	13.4694	1.3698	0.0043	12.8227	72.7798
	2009	Ave	47.6372	0.5099	66.3788	74.5944	41.8951	43.9625	32.6818	37.6693	6.1458	1.4427	0.0376	32.7944	13.5294	1.3888	0.0046	12.7028	73.4364
		January	47.2072	0.5228	62.6701	68.3791	38.5783	41.9307	31.5865	31.9690	6.0863	1.4155	0.0349	31.6926	13.2285	1.3530	0.0043	12.5869	71.3929
		February	47.5846	0.5150	60.9572	68.6566	38.3061	40.9202	31.3044	30.9305	6.1374	1.3930	0.0333	31.4078	13.1165	1.3502	0.0040	12.6869	70.7671
		March	48.4580	0.4964	63.2114	68.7991	38.3577	41.9488	31.5838	32.1378	6.2502	1.4104	0.0333	31.6871	13.1809	1.3543	0.0041	12.9211	71.8188
		April	48.2165	0.4884	63.5988	70.8814	39.2999	42.0289	31.9619	34.4199	6.2217	1.4309	0.0361	32.0682	13.3563	1.3613	0.0044	12.8574	71.9225
		May	47.5242	0.4924	64.8667	73.2826	41.2267	42.9126	32.4100	36.2725	6.1318	1.4459	0.0379	32.5209	13.4932	1.3723	0.0046	12.6732	72.2011
		June	47.9053	0.4962	67.1473	78.3786	42.6001	44.3482	32.8833	38.3961	6.1811	1.4619	0.0381	32.9966	13.6332	1.4038	0.0047	12.7747	74.0069
		July	48.1460	0.5096	67.7776	78.8394	42.7801	44.6167	33.1105	38.6618	6.2127	1.4642	0.0382	33.2248	13.5836	1.4148	0.0048	12.8389	74.7206
		August	48.1607	0.5068	68.6511	79.7093	44.2948	45.0516	33.2936	40.1519	6.2141	1.4663	0.0389	33.4091	13.7005	1.4163	0.0048	12.8434	75.0768
		September	48.1394	0.5262	70.0747	78.6075	44.4555	46.2807	33.7018	41.4127	6.2116	1.4777	0.0396	33.8202	13.7812	1.4234	0.0049	12.8368	75.9224
		October	46.8513	0.5189	69.3940	75.7799	44.4608	45.8379	33.3958	42.4340	6.0456	1.4524	0.0400	33.5153	13.7660	1.4031	0.0049	12.4939	74.4782
		November	47.0324	0.5261	70.1715	78.2038	44.4452	46.4707	33.7543	43.2589	6.0690	1.4548	0.0405	33.8758	13.8798	1.4140	0.0050	12.5420	75.2082
		December	46.4211	0.5202	68.0249	75.6159	43.9356	45.2026	33.1956	41.9865	5.9884	1.4392	0.0400	33.3148	13.6326	1.3989	0.0049	12.3779	73.7210
	2010	Ave	45.8469	0.5051	60.5961	70.0249	44.2646	42.5239	32.7774	40.8069	5.8991	1.4365	0.0395	32.8950	13.9319	1.4073	0.0050	12.2262	69.4211
		January	46.0276	0.5046	65.7983	74.4366	44.1656	44.5854	32.8582	42.0623	5.9303	1.4447	0.0405	32.9759	13.6407	1.3939	0.0050	12.2761	72.0483
		February	46.3116	0.5135	63.4411	72.5576	43.8398	43.2552	32.6971	41.0011	5.9624	1.4446	0.0401	32.8129	13.5616	1.3978	0.0050	12.3502	71.2738
		March	45.7425	0.5056	62.1239	68.9069	44.6427	42.8848	32.5793	41.6759	5.8940	1.4364	0.0402	32.6957	13.7490	1.4064	0.0050	12.1981	69.9010
		April	44.6266	0.4776	59.9336	68.4958	44.4378	41.7933	32.2066	41.3243	5.7490	1.4186	0.0400	32.3232	13.9338	1.3832	0.0049	11.9003	67.7325
		May	45.5971	0.4966	57.1482	66.8279	43.8025	40.2645	32.5861	39.5683	5.8557	1.4315	0.0391	32.7030	14.0157	1.4084	0.0050	12.1591	67.4515
		June	46.3027	0.5089	56.5910	68.2180	44.6243	40.9523	33.0100	39.5009	5.9455	1.4378	0.0382	33.1281	14.1754	1.4275	0.0051	12.3475	67.9791
		July	46.3203	0.5286	59.1364	70.7318	44.3394	43.9318	33.5045	40.5152	5.9565	1.4419	0.0384	33.6261	14.4469	1.4339	0.0051	12.3522	69.5618
		August
		September
		October
		November
		December
n.a. - not available
Source:   Reference Exchange Rate Bulletin, Treasury Department, Bangko Sentral ng Pilipinas