This range of practices reveals that there is little consensus about the method used to set budget rate. Using consensus forecasted rates continues to be the preferred approach , selected by 42% of respondents,which is up from 35% in 2009, but marginally lower from a 45% response rate in 2008. The wells fargo recommended method for setting budget rates-using prevailing forward rates-increased in 2011 to 21% from 17% last year,and from only 14% in 2008. However ,using prevailing forward rates still trails consensus forecasted rates and prevailing spot rates as a method when setting a budget rate.