Basic Payment Scheme 2016 Exchange Rate Confirmed

Basic Payment Scheme 2016 Exchange Rate Confirmed

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Confirmed Basic Payment Scheme (BPS) exchange rates announced and it is 16.554% higher than last year.

The £/€ exchange rate during September sets the rate at which the BPS payments are converted into Sterling, the Rural Payments Agency (RPA) have confirmed that the 2016 payment rate will be €1 = £0.85228 which is 16.554% higher than the 2015 conversion rate of £0.73129.