dollar rate as of 1/3/11

	Bangko Sentral ng Pilipinas
	Treasury Department
	Reference Exchange Rate Bulletin										30 Dec 2010		29-Dec-10
			COUNTRY		UNIT		SYMBOL		EURO		U.S. DOLLAR EQUIVALENT		PHIL.PESO
	I.  CONVERTIBLE CURRENCIES WITH BANGKO SENTRAL:
	1		UNITED STATES		DOLLAR		USD		0.756201		1.000000		43.885000	*
	2		JAPAN		YEN		JPY		0.009260		0.012246		0.537400
	3		UNITED KINGDOM		POUND		GBP		1.172187		1.550100		68.026100
	4		HONGKONG		DOLLAR		HKD		0.097176		0.128505		5.639400
	5		SWITZERLAND		FRANC		CHF		0.799366		1.057082		46.390000
	6		CANADA		DOLLAR		CAD		0.755974		0.999700		43.871800
	7		SINGAPORE		DOLLAR		SGD		0.584933		0.773515		33.945700
	8		AUSTRALIA		DOLLAR		AUD		0.769208		1.017200		44.639800
	9		BAHRAIN		DINAR**		BHD		2.005838		2.652520		116.405800
	10		KUWAIT		DINAR		KWD
	11		SAUDI ARABIA		RIAL		SAR		0.201649		0.266660		11.702400
	12		BRUNEI		DOLLAR		BND		0.582679		0.770535		33.814900
	13		INDONESIA		RUPIAH		IDR		0.000084		0.000111		0.004900
	14		THAILAND		BAHT		THB		0.025081		0.033167		1.455500
	15		UNITED ARAB EMIRATES		DIRHAM		AED		0.205892		0.272272		11.948700
	16		CHINA		YUAN***		CNY		0.114209		0.151030		6.628000
	17		KOREA		WON		KRW		0.000662		0.000875		0.038400
	18		EUROPEAN MONETARY UNION		EURO		EUR		1.000000		1.322400		58.033500
	II.  OTHERS (NOT CONVERTIBLE WITH BSP)
	19		ARGENTINA		PESO		ARS		0.190216		0.251541		11.038900
	20		BRAZIL		REAL		BRL		0.446005		0.589797		25.883200
	21		DENMARK		KRONER		DKK		0.134161		0.177415		7.785900
	22		INDIA		RUPEE		INR		0.016816		0.022237		0.975900
	23		MALAYSIA		RINGGIT		MYR		0.244884		0.323834		14.211500
	24		MEXICO		NEW PESO		MXN		0.061155		0.080871		3.549000
	25		NEW ZEALAND		DOLLAR		NZD		0.577737		0.764000		33.528100
	26		NORWAY		KRONER		NOK		0.127964		0.169219		7.426200
	27		PAKISTAN		RUPEE		PKR		0.008814		0.011655		0.511500
	28		SOUTH AFRICA		RAND		ZAR		0.113629		0.150263		6.594300
	29		SWEDEN		KRONER		SEK		0.111074		0.146884		6.446000
	30		SYRIA		POUND		SYP		0.016131		0.021331		0.936100
	31		TAIWAN		NT DOLLAR		TWD		0.025825		0.034151		1.498700
	32		VENEZUELA		BOLIVAR		VEB		0.176299		0.233138		10.231300
	Source: REUTERS' N.Y. FOREX CLOSING PRICES -					29 Dec 2010
	*    Weighted average rate pursuant to Cirular Letter dated 30 July 1992
	**   Various banks in Bahrain as quoted in Reuters' Screen.
	***   Asian Time Closing Rates as of 12/30/2010
	BSP Buying Rate (T/T)     :            Php			43.60			Gold Buying               :			1,412.30
	BSP Selling Rate (T/T)     :            Php			44.10			Silver Buying              :			30.60
	BSP Reference Rate       :             Php			43.85			SDR Rate                   :          $			1.53
	PDS Closing Rate *  :                    Php			43.87			29-Dec-10