13.1.95 OfficialJournaloftheEuropean Communities NoL9/19
COMMISSION REGULATION (EC)No47/95
of12January1995
fixingtheagricultural conversion rates
No3813/92at+4,220and—0,780andoftheother
parttofixanewagricultural conversion rateforthe
SpanishpesetaandSwedishkrone;
WhereasArticle15(3)oifRegulation (EEC)No1068/93
providesthatanagricultural conversion ratefixedin
advanceshallbeadjustedifthegapbetweenthatrateand
theagricultural conversion rateinforceatthetimeofthe
operativeeventapplicable forthecurrencyconcerned
exceedsfourpoints;whereas,inthatevent,theagricul­
turalconversion ratefixedinadvanceisbroughtmore
closelyintolinewiththerateinforce,uptothelevelofa
gapoffourpointswiththatrate;whereastheratewhich
replacestheagricultural conversion ratefixedinadvance
shouldbespecified,
HASADOPTED THISREGULATION :
Article 1THECOMMISSION 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)No28/95(3);
WhereasArticle4ofRegulation (EEC)No3813/92
providesthattheagricultural conversion rateforafloating
currency istobeadjustedwherethemonetary gap
betweenitandtherepresentative marketrateexceeds
certainlevels;whereas,notwithstanding thatArticle4,
Article4aofthatRegulation appliesuntil31December
1994;whereasCouncilRegulation (EC)No3311/94(4)
extendstheseprovisions until31January1995;
Whereastherepresentative marketratesaredetermined
onthebasisofreferenceperiodsestablished inaccord­
ancewithCommission Regulation (EEC)No1068/93of
30April1993ondetailedrulesfordetermining and
applyingtheagricultural conversion rates(5),asamended
byRegulation (EC)No547/94(6);
Whereas ,however,Article2ofRegulation (EEC)
No1608/93providesthat,incaseswheretheabsolute
valueofthedifference betweenthemonetarygapsintwo
MemberStates,calculated fromtheaverageontheecu
ratesforthreeconsecutive workingdays,exceedssix
points:
—therepresentative marketratesforthecurrencies in
questionshallbeadjustedonthebasisofthethree
workingdaysinquestion ,
and
—thebasicreferenceperiodconcerned beginstheday
followingthesethreeworkingdays;
Whereas ,asaconsequence oftheexchangeratesrecorded
duringthereferenceperiod11to12January1995,itis
necessary oftheoneparttofixthelimitsreferredtoin
paragraphs 1and3ofArticle4aofRegulation (EEC)Theagricultural conversion ratesarefixedinAnnexI
hereto.
Article 2
InthecasereferredtoinArticle 15(3)ofRegulation
(EEC)No1068/93,theagricultural conversion ratefixed
inadvanceshallbereplacedbytheecurateforthe
currencyconcerned ,showninAnnexII:
—TableA,wherethelatterrateishigherthantherate
fixedinadvance,
or
—TableB,wherethelatterrateislowerthantherate
fixedinadvance .
Article3
Regulation (EC)No28/95isherebyrepealed .
(')OJNoL387,31.12.1992,p.1.
(2)OJNoL320,22.12.1993,p.32.
(3)OJNoL7,11.1.1995,p.1.Article4
ThisRegulation shallenterintoforceon13January
1995.(4)OJNoL350,31.12.1994,p.1.
OOJNoL108,1.5.1993,p.106.
(6)OJNoL69,12.3.1994,p.1.

NoL9/20 OfficialJournaloftheEuropean Communities 1T1.95
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,12January1995.
FortheCommission
ReneSTEICHEN
MemberoftheCommission
ANNEXI
Agricultural conversion rates
ECU1=49,3070
9,34812
2,35418
354,617
239,331
7,98191
7,02071
2,65256
0,976426
2395,55
16,5658
198,007
11,0985
0.953575Belgianand
Luxembourg francs
Danishkroner
Germanmarks
Greekdrachmas
Portuguese escudos
Frenchfrancs
Finnishmarks
Dutchguilders
Irishpunt
Italianlire
Austrianschillings
Spanishpesetas
SwedishKroner
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
340,978 Greekdrachmas 369,393 Greekdrachmas
230,126 Portuguese escudos 249,303 Portuguese escudos
7,67491 Frenchfrancs 8,31449 Frenchfrancs
6,75068 Finnishmarks 7,31324 Finnishmarks
2,55054 Dutchguilders 2,76308 Dutchguilders
0,938871 Irishpunt 1,01711 Irishpunt
2303,41 Italianlire 2495,36 Italianlire
15,9287 Austrianschillings 17,2560 Austrianschillings
190,391 Spanishpesetas 206,257 Spanishpesetas
10,6716 SwedishKroner 11,5609 SwedishKroner
0,916899 Poundsterling 0,993307 Poundsterling