Committee Reports::Report No. 06 - Fixing of Representative Conversion Rates in Agriculture and Use of the European Unit of Account in Common Agricultural Policy::19 April, 1978::Appendix

APPENDIX II

CALCULATION OF THE EUA VALUE OF THE £ ON 10 JANUARY 1978

The EUA in any Community currency is the sum in that currency of the fixed currency amounts shown in the left hand column below. The right hand column shows the calculation of the EUA, from these currency amounts using Dublin exchange rates of 10 January.


 

Currency Amounts

Exchange Rates on 10/1/78

Calculation of EUA

 

 

£1 =

£

DM

..

..

0·828

4·1105 DM

0·201435

FF

..

..

1·15

9·0780 FF

0·126680

£ (st)

..

..

0·0885

0·0885

Lira

..

..

109

1683·75 L

0·064736

DG

..

..

0·286

4·4010 DG

0·064985

DK

..

..

0·217

11·22 DK

0·019340

Bf/Lf

..

3·80

63·64 Bf

0·059711

£ (I)

..

..

0·00759

0·00759

 

 

1 EUA =

£0·632977

 

 

£1 =

1·579836 EUA

Note: The Commission use exchange rates on the Belgían market in calculating the EUA and so the official figure £1 = 1·5787 EUA is slightly different from the above.