Press release

Euro exchange rate set for 2015 Basic Payment Scheme payments

BPS payments for England are set in Euros and then converted into sterling. The rate for 2015 has now been set.

Photo of a 10 and 5 pound note and 5 one pound coins

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.

[ENDS]

Notes to editors

The previous year’s exchange rates for the old Single Payment Scheme are below. These rates were set using the European Central Bank single day exchange rate as at 30 September.

Year Rate
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

Rural Payments Agency- Press Office North Gate House, Valpy Street, Reading, RG1 1AF Email: corporatecommunications@rpa.gsi.gov.uk Telephone: 0118 9687 959

Published 30 September 2015