1.12.94 OfficialJournaloftheEuropeanCommunities NoL307/57
COMMISSION REGULATION (EC)No2927/94
of30November 1994
fixingtheagricultural conversion rates
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Community ,
HavingregardtoCouncilRegulation (EEC)No3813/92
of28December 1992ontheunitofaccountandthe
conversion ratestobeappliedforthepurposesofthe
commonagricultural policy(:),aslastamendedbyRegu­
lation(EC)No3528/93(2),andinparticularArticle3(1)
thereof,
Whereastheagricultural conversion rateswerefixedby
Commission Regulation (EC)No2669/94(3);
WhereasArticle4ofRegulation (EEC)No3813/92
providesthattheagricultural conversion rateforafloating
currency istobeadjustedwherethemonetary gap
betweenitandtherepresentative marketrateexceeds
certainlevels;whereas,notwithstanding thatArticle4,
Article4aofthatRegulation appliesuntil31December
1994;
Whereastherepresentative marketratesaredetermined
onthebasisofreferenceperiodsestablished inaccord­
ancewithCommission Regulation (EEC)No1068/93of
30April1993ondetailedrulesfordetermining and
applyingtheagricultural conversion rates(4),asamended
byRegulation (EC)No547/94(*);
Whereas ,asaconsequence oftheexchangeratesrecorded
duringthereferenceperiod21to30November 1994,itis
necessaryontheonehandtofixthelimitsreferredtoin
paragraphs 1and3ofArticle4aofRegulation (EEC)
No3813/92at4-3,603and—1,397andontheother
handtofixanewagricultural conversion rateforthe
Italianlira;
WhereasArticle15(3)ofRegulation (EEC)No1068/93
providesthatanagricultural conversion ratefixedin
advanceshallbeadjustedifthegapbetweenthatrateand
theagricultural conversion rateinforceatthetimeoftheoperativeeventapplicable forthecurrencyconcerned
exceedsfourpoints;whereas,inthatevent,theagricul­
turalconversion ratefixedinadvanceisbroughtmore
closelyintolinewiththerateinforce,uptothelevelofa
gapoffourpointswiththatrate;whereastheratewhich
replacestheagricultural conversion ratefixedinadvance
shouldbespecified ,
HASADOPTED THISREGULATION :
Article 1
Theagricultural conversion ratesarefixedinAnnexI
hereto.
Article2
InthecasereferredtoinArticle15(3)ofRegulation
(EEC)No1068/93,theagricultural conversion ratefixed
inadvanceshallbereplacedbytheecurateforthe
currencyconcerned ,showninAnnexII:
—TableA,wherethelatterrateishigherthantherate
fixedinadvance,
or
—TableB,wherethelatterrateislowerthantherate
fixedinadvance .
Article3
Regulation (EC)No2669/94isherebyrepealed .
Article4
ThisRegulation shallenterintoforceon1December
1994.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels ,30November 1994.
FortheCommission
ReneSTEICHEN
MemberoftheCommission
(')OJNoL387,31.12.1992,p.1,
(2)OJNoL320,22.12.1993,p.32
(3)OJNoL284,1.11.1994,p.51.
(4)OJNoL108,1.5.1993,p.106.
HOJNoL69,12.3.1994,p.1.

1.12.94 NoL307/58 OfficialJournaloftheEuropean Communities
ANNEX I
Agricultural conversion rates
ECU1=49,3070
9,34812
2,35418
352,829
192,319
7,98191
0,976426
2361,74
2,65256
239,331
0,953575Belgianand
Luxembourg francs
Danishkroner
German marks
Greekdrachmas
Spanishpesetas
Frenchfrancs
Irishpunt
Italianlire
Dutchguilders
Portuguese escudos
Poundsterling
ANNEXII
Agricultural conversion ratesfixedinadvanceandadjusted
TableA TableB
ECU1=47,4106 Belgianand ECU1=51,3615 Belgianand
Luxembourg francs Luxembourg francs
8,98858 Danishkroner 9,73763 Danishkroner
2,26363 Germanmarks 2,45227 Germanmarks
339,259 Greekdrachmas 367,530 Greekdrachmas
184,922 Spanishpesetas 200,332 Spanishpesetas
7,67491 Frenchfrancs 8,31449 Frenchfrancs
0,938871 Irishpunt 1,01711 Irishpunt
2270,90 Italianlire 2460,15 Italianlire
2,55054 Dutchguilders 2,76308 Dutchguilders
230,126 Portuguese escudos 249,303 Portuguese escudos
0,916899 Poundsterling 0,993307 Poundsterling