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.
Published 29 September 2017