27 EFFECTIVE EXCHANGE RATE INDICES OF THE PESO                                
  average for periods indicated                                        
  1980 = 100                                        
                                             
   
   N O M I N A L R  E  A  L  
  Overall 1 % growth rate (y-o-y) Trading Partners Overall 1 % growth rate (y-o-y) Trading Partners  
   Advanced 2 % growth rate (y-o-y) Developing 3 % growth rate (y-o-y)  Advanced 2 % growth rate (y-o-y) Developing 3 % growth rate (y-o-y)  
                                             
   
  2010 14.52 1.92 11.25 4.08 24.08 0.42 80.56 3.71 69.50 7.19 113.02 1.32  
  2011 14.42 -0.71 11.12 -1.16 23.98 -0.39 81.08 0.64 70.63 1.62 112.97 -0.04  
   
  2012 14.92 3.49 11.61 4.42 24.67 2.85 84.60 4.34 75.09 6.31 116.35 3.00  
  January 14.43 0.42 11.08 -0.86 24.07 1.33 83.64 1.22 74.10 1.25 115.17 1.24  
  February 14.64 1.15 11.33 0.85 24.30 1.37 83.55 1.09 74.09 1.63 114.98 0.74  
  March 14.72 1.85 11.51 3.17 24.24 0.95 83.24 1.54 74.33 3.87 114.01 -0.03  
  April 14.75 2.13 11.51 2.53 24.35 1.87 84.02 2.37 74.59 3.84 115.53 1.37  
  May 14.76 2.63 11.47 2.92 24.43 2.44 83.84 3.10 74.05 4.57 115.69 2.10  
  June 14.89 4.23 11.52 4.30 24.71 4.18 84.95 4.81 74.79 6.04 117.50 3.98  
  July 15.17 5.40 11.78 5.70 25.12 5.21 85.95 6.71 76.18 7.91 118.32 5.91  
  August 15.06 4.28 11.69 5.12 24.93 3.71 85.14 5.97 75.35 7.79 117.32 4.73  
  September 15.03 4.21 11.66 5.33 24.92 3.43 84.50 5.61 74.41 7.76 116.84 4.14  
  October 15.09 4.72 11.76 7.17 24.94 3.04 84.90 5.78 75.21 9.10 116.92 3.53  
  November 15.25 5.16 12.00 8.24 25.02 3.07 85.81 5.96 76.96 9.90 117.19 3.32  
  December 15.31 5.94 12.11 9.24 25.04 3.72 85.65 6.78 77.24 11.13 116.51 3.87  
   
  2013 15.27 2.37 12.43 7.05 24.48 -0.74 87.48 3.41 81.90 9.07 115.98 -0.33  
  January 15.54 7.69 12.46 12.46 25.16 4.52 91.17 9.01 85.09 14.83 121.13 5.17  
  February 15.73 7.43 12.69 12.02 25.36 4.38 90.72 8.59 85.05 14.79 120.16 4.51  
  March 15.82 7.47 12.85 11.67 25.38 4.66 90.72 8.98 85.12 14.51 120.07 5.32  
  April 15.70 6.42 12.85 11.66 25.07 2.95 90.35 7.54 85.06 14.04 119.32 3.28  
  May 15.75 6.67 13.01 13.36 24.99 2.28 90.33 7.75 85.48 15.43 118.88 2.75  
  June 15.15 1.75 12.32 6.94 24.29 -1.68 87.17 2.62 81.21 8.59 115.96 -1.31  
  July 15.10 -0.50 12.35 4.77 24.12 -3.98 85.78 -0.20 80.69 5.92 113.34 -4.21  
  August 14.90 -1.05 12.07 3.25 23.96 -3.91 84.41 -0.85 78.46 4.13 112.46 -4.14  
  September 14.92 -0.78 12.13 4.03 23.93 -3.96 84.46 -0.05 78.59 5.62 112.43 -3.77  
  October 15.00 -0.65 12.17 3.50 24.08 -3.42 85.16 0.31 79.28 5.42 113.34 -3.06  
  November 14.96 -1.90 12.21 1.72 23.94 -4.31 85.18 -0.74 79.83 3.74 112.83 -3.72  
  December 14.89 -2.80 12.18 0.54 23.78 -5.04 84.99 -0.77 79.72 3.21 112.51 -3.43  
  15.61 12.70 25.04 90.08 84.50 119.25  
  2014 14.77 -5.37 12.03 -5.25 23.67 -5.46 86.92 -3.51 81.96 -3.01 114.66 -3.85  
  January 14.71 -5.34 12.01 -3.59 23.51 -6.54 88.16 -3.30 84.33 -0.89 115.16 -4.93  
  February 14.67 -6.73 11.93 -6.00 23.53 -7.23 86.63 -4.51 82.23 -3.31 113.75 -5.33  
  March 14.68 -7.15 11.92 -7.26 23.58 -7.08 85.82 -5.40 80.94 -4.92 113.20 -5.73  
  April 14.70 -6.36 11.97 -6.85 23.56 -6.02 86.00 -4.82 80.67 -5.16 113.85 -4.59  
  May 14.91 -5.31 12.14 -6.63 23.89 -4.38 87.14 r -3.53 81.48 r -4.68 115.62 -2.74  
  Jun 14.97 -1.18 12.21 -0.93 23.97 -1.34 87.77 0.68 82.11 1.10 116.41 0.39  
                                             
  1 Australia, Euro Area, U.S., Japan, Hong Kong, Taiwan, Thailand, Indonesia, Malaysia, Singapore, South Korea, China, Saudi Arabia, and U.A.E.  
  2 U.S., Japan, Euro Area, and Australia  
  3 Hong Kong, Taiwan, Thailand, Indonesia, Malaysia, Singapore, South Korea, China, Saudi Arabia, and U.A.E  
  r Revised  
  Note: Starting 2014, the effective exchange rate indices using the revised methodology of geometric average and chained formulation became the official effective exchange rate indices of the BSP superseding the old series using the methodology of arithmetic average and base year formulation.
 
   
  Source:  Bangko Sentral ng Pilipinas