The Rural Payments Agency has confirmed that the euro exchange rate has been set for Basic Payment Scheme (BPS) 2018 payments made in sterling. The rate is an average of the European Central Bank exchange rates set in September 2018. The rate is €1 = 0.89281.
This represents a slight decrease of 0.21% on last year. The previous year’s exchange rates were:
BPS 2017: €1 = £0.89470
BPS 2016: €1 = £0.85288
BPS 2018 payments are expected from 1st December.
For further information please contact our Agricultural Team on 01423 860322.