Farming News - Euro exchange rate sees 6% drop in Basic Payment Scheme payments

Euro exchange rate sees 6% drop in Basic Payment Scheme payments

BPS payments for England are set in Euros and then converted into sterling and the rate, an average of the European Central Bank exchange rates set in September, will be €1 = £0.73129.

The Rural Payments Agency (RPA) will make full payments on BPS claims from December and as early as possible in the payment window, with the majority in December and the vast majority by the end of January.

The RPA makes all payments directly into bank accounts by BACS transfer.

 

Previous year's payment rates

YearRate
2014€1 = £0.77730
2013€1 = £0.83605
2012€1 = £0.79805
2011€1 = £0.86665
2010€1 = £0.85995
2009€1 = £0.90930
2008€1 = £0.79030
2007€1 = £0.69680
2006€1 = £0.67770
2005€1 = £0.68195