year EFTA01475280 MYR IDR SGD TWD THB CNH INR KRW PHP CNY Source: Bloomberg Finance LP 0.00 0.20 0.40 0.60 0.80 1.00 1.20 Average Asia 1M ATM Vols Average Asia 1Y ATM Vols PHP IDR KRW EFTA01475281 Risk reversals (Chart 6-8) 3.5% Average Offshore-Onshore 3M NDF Yield Spread Average 3M Ri