The euro exchange rate for calculating BPS 2017 payments has been set. The rate, an average of the European Central Bank exchange rates set in September, will be €1 = 0.89470.

BPS payments for England are set in euros and then converted into sterling. The previous year’s exchange rates for BPS were:

·         BPS 2016: €1 = £0.85228

·         BPS 2015: €1 = £0.73129

RPA will make full payments on BPS 2017 claims from the beginning of December.

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