FORECASTS FOR EMERGING ASIA CURRENCIES AGAINST THE U.S.

DOLLAR BY END 2008:

INDIAN RUPEE

————

UBS 52.00

Kotak Mahindra Bank 52.00

Barclays 52.00

ICICI Securities 51.00

Bank of Baroda 49.50

JP Morgan Chase 49.00

Axis Bank 49.00

CRISIL 49.00

Standard Chartered Bank 48.50

Bank of India 48.00

Bank of Muscat 46.10

———————————

Median 49.00

INDONESIAN RUPIAH

—————–

Merrill Lynch 9,600

Nomura 9,700

Bank of America 9,800

Calyon 10,000

OCBC Bank 10,000

Standard Chartered Bank 10,200

CIMB Investment Bank 10,000

CLSA 10,000

BNP Paribas 11,000

Citigroup 11,000

———————————

Median 10,000

KOREAN WON

———-

DBS Bank 1,150

HSBC 1,160

Woori Investment & Secs 1,180

Goodmorning Shinhan Secs 1,200

Hana Daetoo Securities 1,200

JPMorgan Chase 1,200

HI Investment & Secs 1,220

Citigroup 1,250

Samsung Futures 1,250

SC First Bank 1,250

———————————

Median 1,200

MALAYSIAN RINGGIT

—————–

Action Economics 3.60

Bank Islam 3.50 (mid-point of 3.45-3.55 range)

Calyon 3.55

CIMB 3.60

Citigroup 3.60

HSBC 3.55

ING 3.535

JP Morgan 3.50

Nomura 3.50 (mid-point of 3.40-3.60 range)

RHB 3.65

TA Securities 3.50

——————————–

Median 3.55

NEW ZEALAND DOLLAR

——————

ANZ $0.620

ASB Bank $0.580

BNZ $0.530

Deutsche $0.530

Goldman JB Were $0.640

Infometrics $0.615

JPMorgan $0.530

UBS NZ $0.600

Westpac $0.550

4CAST $0.535

——————————–

Median $0.565

PHILIPPINE PESO

————

ATR-Kim Eng 42.0

BNP Paribas 51.0

Banco de Oro Unibank 46.0

Citigroup 48.5

Deutsche Bank 48.0

IDEAglobal 47.0

Informa Global 50.0

JPMorgan Chase 46.0

Macquarie Bank 49.5

Royal Bank of Scotland 47.0

Standard Chartered 48.25

UBS 50.0

——————————-

Median 48.1

SINGAPORE DOLLAR

—————-

Credit Suisse 1.45

Merrill Lynch 1.45

Calyon 1.48

Action Economics 1.49

Barclays 1.51

Deutsche Bank 1.50

OCBC 1.50

UOB 1.50

ABN Amro 1.53

ING 1.49

——————————–

Median 1.50

TAIWAN DOLLAR

————-

Chinatrust Commercial Bk 32.5

Standard Chartered 32.7

ING 32.8

Polaris Research Inst 33.0

Capital Securities 33.2

DBS 33.5

KGI Securities 33.5

Masterlink Securities 33.5

Jih Sun Securities 34.0

Credit Suisse 35.0

——————————-

Median 33.4

THAI BAHT

———

Action Economics 35.5

BNP Paribas 36.0

Capital Nomura Securities 34.5

DBS Bank 36.0

HSBC 36.0

ING 34.85

KasikornBank 34.0

Phatra Securities 34.5

SCB Securities 34.5

Stanchart 34.5

Tisco Securities 34.8

——————————-

Source: http://www.afxnews.com

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