Department for Environment, Food and Rural Affairs and Rural Payments Agency
September 29
16:56
2017
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 years 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.