BPS 2017 payments exchange rate set

29 Sep 2017 05:01 PM

The Rural Payments Agency (RPA) has confirmed the exchange rate for Basic Payment Scheme (BPS) 2017 payments made in sterling.

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:

RPA will make full payments on BPS 2017 claims from early December.

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