The Euro exchange rate used for calculating 2013 Single Payment Scheme (SPS) payments will be €1 = £0.83605.

Released by the European Central Bank, the rate is the last exchange rate set by the bank in September.

SPS payments for England are set in Euros every year and then converted into sterling. Payments under the scheme will be made from December 2013.

Every year some claimants fail to tell RPA of changes to their banking details and this causes delays in payments being made. Farmers are urged to ensure that that they have provided the Agency with their current bank details.

To update their bank details, farmers should complete a Customer Registration form (CReg10) available from the customer registration section of the RPA website (rpa.defra.gov.uk/creg) or by emailing csc@rpa.gsi.gov.uk . Alternatively, please contact the Customer Service Centre on 0845 603 7777.

Previous exchange rates

2012 scheme €1 = £0.79805

2011 scheme €1 = £0.86665

2010 scheme €1 = £0.85995

2009 scheme €1 = £0.90930

2008 scheme €1 = £0.79030

2007 scheme €1 = £0.69680

2006 scheme €1 = £0.67770

2005 scheme €1 = £0.68195