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Exchange Rate for Basic Payment Scheme payments 2016

The Euro exchange rate has been set for calculating 2016 Basic Payment Scheme (BPS) payments.

BPS payments for Wales 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 = £0.85228

In 2015, the exchange rate for BPS was €1 = £0.73129