Interest and exchange rate forecasts Aug 2010.

ANZ      Cash   90     3yr    10yr
         Rate   Days   Bond   Bond
Current  4.50   4.78   4.61   5.14
Sep-10   4.50   4.85   4.90   5.40
Dec-10   5.50   5.30   5.10   5.50
Mar-11   5.25   5.60   5.50   5.70
Jun-11   5.50   6.00   5.70   5.80
Sep-11   5.75   6.00   6.00   6.00


CBA     Cash  90    180   3yr   10yr
        Rate  Days  Days  Bond  Bond
Current 4.50  4.76  5.00  4.61  5.15
Sep-10  4.75  5.20  5.40  4.60  5.00
Dec-10  5.00  5.30  5.50  4.90  5.20
Mar-11  5.25  5.40  5.50  5.10  5.40
Jun-11  5.50  5.70  5.80  5.20  5.40
Sep-11  5.75  6.00  6.10  5.30  5.50
Dec-11  6.00  6.20  6.25  5.30  5.50

Westpac  Cash   90     3yr    10yr
         Rate   Days   Bond   Bond
Current  4.50   4.76   5.01   5.20
Sep-10   4.50   4.75   5.10   5.20
Dec-10   4.50   4.75   5.20   5.30
Mar-11   4.75   5.00   5.40   5.30
Jun-11   5.00   5.25   5.50   5.30
Sep-11   5.00   5.50   6.00   5.50



EXCHANGE RATES

ANZ       USD    AUD    AUD    AUD
          AUD    JPY    EUR    GBP
Current   0.91   78.5   0.69   0.57
Sep-10    0.88   83.6   0.73   0.60
Dec-10    0.90   86.4   0.76   0.62
Mar-11    0.92   89.2   0.81   0.62
Jun-11    0.94   92.1   0.84   0.62
Sep-11    0.94   94.0   0.84   0.61



CBA       USD    USD     USD    USD
          AUD    JPY     EUR    GBP
Current   0.91   86.4    1.30   1.59
Sep-10    0.87   93.0    1.20   1.43
Dec-10    0.82   95.0    1.15   1.45
Mar-11    0.81   98.0    1.10   1.43
Jun-11    0.82   100.0   1.12   1.45
Sep-11    0.85   105.0   1.15   1.48
Dec-11    0.85   107.0   1.15   1.50

WBC      USD    USD    USD
         AUD    JPY    EUR
Current  0.91   86.4   1.30
Sep-10   0.88   91.0   1.26
Dec-10   0.90   95.0   1.28
Mar-11   0.92   98.0   1.29
Jun-11   0.90  102.0   1.25
Sep-11   0.88  105.0   1.21