Table 196 : Forward Premia (Inter-bank) (Monthly average)

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Published on August 31, 2004

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Table 196 : Forward Premia (Inter-bank) (Monthly average)

(Per cent per annum)
Year / Month	1-month	3-month	6-month
1	2	3	4
1993
Mar	.	10.74	10.13
Apr	.	9.43	9.40
May	.	7.76	7.99
Jun	.	6.65	6.94
Jul	.	5.46	4.70
Aug	.	2.55	2.70
Sep	.	2.45	2.64
Oct	.	4.37	4.67
Nov	.	3.30	4.43
Dec	.	3.54	4.41
1994
Jan	.	1.31	1.75
Feb	.	0.23	0.78
Mar	.	0.86	1.44
Apr	.	1.65	2.16
May	.	2.13	2.90
Jun	.	2.33	2.96
Jul	.	2.38	2.68
Aug	.	1.35	1.76
Sep	.	1.95	2.25
Oct	.	2.79	3.22
Nov	.	3.12	3.37
Dec	.	4.26	4.17
1995
Jan	.	5.47	5.33
Feb	.	6.74	6.56
Mar	.	6.89	6.75
Apr	.	7.52	7.74
May	.	6.30	6.68
Jun	5.58	5.90	6.19
Jul	5.10	5.39	5.89
Aug	2.27	3.44	4.74
Sep	3.35	3.99	5.06
Oct	11.96	10.05	9.30
Nov	21.70	17.21	15.63
Dec	14.69	14.42	14.34
1996
Jan	14.52	13.98	13.26
Feb	24.87	20.66	17.21
Mar	35.01	27.06	23.43
Apr	15.03	15.57	16.18
May	11.71	14.00	15.13
Jun	8.82	11.44	12.78
Jul	4.70	7.34	9.25
Aug	6.75	8.83	10.17
Sep	7.33	8.95	10.15
Oct	4.60	6.58	7.85
Nov	5.34	6.98	7.88
Dec	7.00	7.56	7.73
1997
Jan	5.14	6.95	7.32
Feb	5.72	6.99	7.26
Mar	6.02	6.72	6.87
Apr	3.17	4.74	5.49
May	3.11	4.11	4.77
Jun	2.57	3.47	4.23
Jul	2.70	3.13	3.63
Aug	5.07	5.19	5.50
Sep	6.90	6.82	6.63
Oct	4.23	5.08	5.52
Nov	6.51	6.90	6.89
Dec	9.42	9.22	8.60
1998
Jan	21.05	15.82	12.79
Feb	12.70	15.85	14.57
Mar	8.81	9.10	9.58
Apr	3.67	5.31	6.91
May	6.49	7.37	8.20
Jun	9.59	10.23	10.10
Jul	5.84	7.34	8.21
Aug	9.58	8.87	9.16
Sep	7.42	7.95	8.47
Oct	5.55	6.80	7.71
Nov	4.33	6.24	7.39
Dec	4.96	6.10	7.45
1999
Jan	5.08	5.93	6.65
Feb	5.57	6.69	6.97
Mar	6.98	6.99	7.06
Apr	5.67	6.06	6.74
May	4.70	5.09	5.54
Jun	4.54	4.99	5.23
Jul	3.99	4.27	4.58
Aug	4.68	4.54	4.83
Sep	5.33	5.22	5.47
Oct	5.76	5.47	5.57
Nov	3.89	4.59	4.82
Dec	3.39	3.88	4.14
2000
Jan	3.11	3.27	3.41
Feb	3.31	3.04	2.86
Mar	4.56	3.83	3.40
Apr	2.18	2.59	2.76
May	2.16	2.29	2.51
Jun	3.70	3.32	3.17
Jul	3.70	3.69	3.69
Aug	6.13	5.10	4.67
Sep	5.16	5.19	4.92
Oct	4.20	4.40	4.32
Nov	3.78	4.05	4.12
Dec	3.07	3.48	3.88
2001
Jan	4.24	4.24	4.32
Feb	3.60	4.15	4.33
Mar	4.34	4.44	4.55
Apr	3.95	4.51	4.84
May	5.02	4.95	5.06
Jun	4.43	4.82	4.95
Jul	4.22	4.50	4.73
Aug	4.19	4.52	4.71
Sep	5.57	5.60	5.50
Oct	5.91	6.02	6.03
Nov	5.72	6.16	6.21
Dec	6.44	6.34	6.36
2002
Jan	5.70	6.00	5.99
Feb	5.05	5.49	5.46
Mar	6.91	6.46	5.93
Apr	5.84	6.12	6.06
May	6.04	6.23	6.19
Jun	4.74	5.37	5.54
Jul	4.08	4.40	4.56
Aug	4.00	4.09	4.31
Sep	3.87	3.94	4.04
Oct	3.71	3.81	3.90
Nov	3.34	3.66	3.87
Dec	3.21	3.32	3.66
2003
Jan	3.45	3.42	3.41
Feb	3.07	3.55	3.55
Mar	3.81	3.60	3.50
Apr	1.71	2.08	2.24
May	1.09	1.10	1.03
Jun	2.91	2.76	2.15
Jul	2.79	2.65	2.29
Aug	3.28	2.25	1.90
Sep	1.20	0.91	1.05
Oct	-0.67	0.02	0.30
Nov	-0.84	-0.002	0.21
Dec	-0.46	-0.30	0.04
2004
Jan	0.73	0.50	0.41
Feb	0.52	0.51	0.49
Mar	1.00	0.62	0.51
Apr	-0.97	-0.35	-0.10
May	-2.11	-1.33	-0.69
Jun	1.46	0.93	0.69
Note : Market-based exchange rate system was introduced from March 1, 1993.