The euro exchange rate for calculating BPS 2019 payments has been set. The rate, an average of the European Central Bank exchange rates set in September, will be €1 = £0.89092.
BPS payments for England are set in euros and then converted into sterling. The previous year’s exchange rates for BPS were:
- BPS 2018: €1 = £0.89281
- BPS 2017: €1 = £0.89470
The RPA will make full payments on BPS 2019 claims later this year, with funds being directly made into bank accounts by BACS transfer.