News story

BPS 2018 payments exchange rate set

The Rural Payments Agency (RPA) has confirmed the exchange rate for Basic Payment Scheme (BPS) 2018 payments made in sterling

• From: Department for Environment, Food & Rural Affairs, Rural Payments Agency and The Rt Hon George Eustice
• Published: 28 September 2018

This was published under the 2016 to 2019 May Conservative government

The euro exchange rate for calculating BPS 2018 payments has been set. The rate, an average of the European Central Bank exchange rates set in September, will be €1 = £0.89281.

BPS payments for England are set in euros and then converted into sterling. The previous years’ exchange rates for BPS were:

BPS 2017: €1 = £0.89470

BPS 2016: €1 = £0.85228

RPA will make full payments on BPS 2018 claims from the beginning of December.

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

Published 28 September 2018