15	EFFECTIVE EXCHANGE RATE INDICES OF THE PHILIPPINE PESO
	1980 = 100
	period average
			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)
	2020		14.31		3.97	11.50		3.11	23.02		4.45			94.26		5.68	89.19		5.06	122.99		6.02
	2021		14.10		-1.49	11.55		0.43	22.45		-2.50			94.76		0.53	91.02		2.05	122.67		-0.27
		January	14.17		1.51	11.49		0.82	22.69		1.91			98.84		4.78	95.91		4.03	127.26		5.25
		February	14.17		0.19	11.54		0.32	22.64		0.16			97.13		3.92	94.58		3.84	124.83		4.03
		March	14.25		0.38	11.63		2.44	22.73		-0.70			96.83		3.50	93.82		5.47	124.78		2.48
		April	14.30		-0.35	11.66		1.87	22.83		-1.52			97.18		2.00	93.57		4.45	125.64		0.72
		May	14.37		0.21	11.74		2.57	22.91		-1.04			97.32		2.31	93.06		4.68	126.27		1.06
		June	14.35		0.21	11.77		2.68	22.83		-1.07			96.44		2.11	92.31		4.18	125.08		1.02
		July	13.97		-3.23	11.42		-0.93	22.26		-4.44			93.13		-1.58	89.19		0.39	120.74		-2.62
		August	13.92		-3.96	11.35		-1.56	22.21		-5.22			92.61		-1.46	88.14		0.30	120.46		-2.39
		September	13.92		-4.14	11.38		-1.85	22.18		-5.34			91.91		-2.03	87.12		-0.55	119.82		-2.83
		October	13.83		-4.24	11.40		-1.74	21.94		-5.54			91.35		-2.83	87.41		-1.04	118.49		-3.78
		November	13.96		-2.59	11.58		-0.14	22.08		-3.85			92.52		-1.95	89.08		-0.30	119.62		-2.82
		December	14.01		-1.68	11.63		0.86	22.15		-2.98			92.67		-1.52	88.99		-0.04	119.97		-2.29
	2022		13.63		-3.32	11.52		-0.24	21.36		-4.84			92.87		-2.00	90.63		-0.43	119.26		-2.78
		January	13.73		-3.12	11.44		-0.43	21.68		-4.47			95.83		-3.04	94.38		-1.60	122.50		-3.74
		February	13.71		-3.26	11.44		-0.90	21.63		-4.44			93.78		-3.44	92.20		-2.52	119.99		-3.87
		March	13.63		-4.35	11.44		-1.61	21.43		-5.72			92.81		-4.16	91.11		-2.89	118.83		-4.77
		April	13.88		-2.95	11.78		1.09	21.70		-4.93			95.01		-2.23	93.74		0.17	121.35		-3.42
		May	14.07		-2.07	11.88		1.20	22.07		-3.68			96.12		-1.23	93.53		0.51	123.63		-2.10
		June	13.85		-3.48	11.78		0.14	21.63		-5.25			94.16		-2.37	92.20		-0.12	120.71		-3.49
		July	13.46		-3.62	11.51		0.77	20.98		-5.76			90.96		-2.33	89.86		0.75	116.09		-3.85
		August	13.49		-3.05	11.48		1.12	21.08		-5.10			90.92		-1.82	88.91		0.88	116.64		-3.17
		September	13.45		-3.36	11.47		0.76	20.99		-5.37			90.20		-1.87	87.94		0.94	115.89		-3.28
		October	13.38		-3.22	11.37		-0.27	20.92		-4.65			90.78		-0.62	87.74		0.38	117.16		-1.13
		November	13.44		-3.75	11.34		-2.06	21.07		-4.56			91.98		-0.59	88.30		-0.88	119.10		-0.43
		December	13.55		-3.33	11.41		-1.94	21.27		-3.99			92.62		-0.05	88.69		-0.35	120.09		0.09
	2023		13.64		0.04	11.51		-0.10	21.38		0.11			95.80	r	3.15	92.12	r	1.65	123.94	r	3.92
		January	13.41		-2.35	11.32		-1.03	21.02		-3.01			97.28		1.52	95.61		1.30	124.49		1.63
		February	13.55		-1.17	11.46		0.18	21.23		-1.84			96.82		3.24	94.92		2.95	124.05		3.38
		March	13.68		0.36	11.51		0.60	21.48		0.24			96.88		4.39	94.01		3.18	124.76		5.00
		April	13.48		-2.86	11.33		-3.87	21.19		-2.34			95.28		0.28	91.52		-2.37	123.35		1.65
		May	13.50		-4.11	11.38		-4.24	21.17		-4.05			95.11		-1.05	91.09		-2.61	123.31		-0.26
		June	13.59		-1.89	11.47		-2.66	21.31		-1.49			95.04		0.94	91.06		-1.24	123.20		2.06
		July	13.80		2.53	11.61		0.91	21.68		3.36			95.47		4.96	91.41		1.72	123.79		6.63
		August	13.66		1.21	11.51		0.26	21.43		1.69			94.50		3.94	90.29		1.55	122.66		5.16
		September	13.66		1.53	11.55		0.68	21.40		1.97			94.91		5.23	90.61		3.04	123.25		6.35
		October	13.76		2.86	11.63		2.35	21.57		3.12			95.78		5.51	91.29		4.05	124.48		6.25
		November	13.83		2.94	11.76		3.71	21.61		2.55			96.66		5.09	92.68		4.97	125.23		5.15
		December	13.74		1.44	11.61		1.77	21.54		1.27			95.71		3.34	91.05		2.66	124.51	r	3.68
	2024		13.77		1.77	11.67		2.31	21.55		1.51			99.71		3.26	96.53		2.68	128.45		3.45
		January	13.71		2.21	11.58		2.27	21.48		2.17			100.63	r	3.44	97.88	r	2.38	129.45	r	3.99
		February	13.79		1.78	11.70		2.15	21.57		1.60			99.76	r	3.04	97.43	r	2.65	128.06	r	3.23
		March	13.84		1.15	11.72		1.84	21.65		0.80			99.66	r	2.87	96.56	r	2.72	128.51	r	3.00
		April	13.75		1.98	11.66		2.98	21.51		1.47			98.79		3.68	94.27		3.01	127.77		3.58
		May
		June
		July
		August
		September
		October
		November
		December
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
Source: Bangko Sentral ng Pilipinas (BSP)