NoL22/56 OfficialJournaloftheEuropeanCommunities 30.1.93
COMMISSION REGULATION (EEC)No182/93
of29January1993
fixingtheagricultural conversion rates
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ,
HavingregardtoCouncilRegulation (EEC)No3813/92
of28December 1992ontheunitofaccountandthe
conversion ratestobeappliedforthepurposesofthe
commonagricultural policy('),andinparticularArticle3
(1)thereof,
Whereastheagricultural conversion rateswerefixedby
Commission Regulation (EEC)No32/93(2);
WhereasArticle4(1)ofRegulation (EEC)No3813/92
providesthattheagricultural conversion rateforafloating
currencyshallbeadjustedwherethemonetarygapwith
therepresentative marketrateforthelastreferenceperiod
ofamonthexceedstwopoints;whereas,inthatcase,the
newagricultural conversion rateisfixedsoastoreduce
thatmonetarygapbyhalf;
Whereastherepresentative marketratesaredetermined
onthebasisofreferenceperiodsdetermined inaccor­
dancewithCommission Regulation (EEC)No3819/92of
28December 1992ondetailedrulesfordetermining and
applyingtheagricultural conversion rates(3);
Whereas,asaconsequence oftheexchangeratesrecorded
duringthereferenceperiodfrom21to31January1993,
itisnecessarytofixanewagricultural conversion ratefor
thepoundsterling;
WhereasArticle11(2)ofRegulation (EEC)No3819/92
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
InthecasereferredtoinArticle11(2)ofRegulation
(EEC)No3819/92,theagricultural conversion ratefixed
inadvanceshallbereplacedbytheecurateforthe
currencyconcerned ,showninAnnexII:
—TableA,wherethelatterrateishigherthantherate
fixedinadvance,
or
—TableB,wherethelatterrateislowerthantherate
fixedinadvance .
Article3
Regulation (EEC)No32/93isherebyrepealed.
Article4
ThisRegulation shallenterintoforceon1February1993.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,29January1993.
FortheCommission
Ren6STEICHEN
MemberoftheCommission 1
(')OJNoL387,31.12.1992,p.1.
V)OJNoL5,9.1.1993,p.19.0OJNoL387,31.12.1992,p.17.

30.1.93 OfficialJournaloftheEuropeanCommunities NoL22/57
ANNEXI
Agricultural conversion rates
ECU1=48,5563
8,97989
2,35418
310,351
166,075
7,89563
0,878776
2133,00
2,65256
209,523
0,951031Belgianand
Luxembourg francs
Danishkroner
German marks
Greekdrachmas
Spanishpesetas
Frenchfrancs
Irishpunt
Italianlire
Dutchguilders
Portuguese escudos
Poundsterling
ANNEXII
Agricultural conversion ratesfixedinadvanceandadjusted
TableA TableB
ECU1=46,6888 Belgianand ECU1=50,5795 Belgianand
Luxembourg francs Luxembourg francs
8,63451 Danishkroner 9,35405 Danishkroner
2,26363 Germanmarks 2,45227 Germanmarks
298,414 Greekdrachmas 323,282 Greekdrachmas
159,688 Spanishpesetas 172,995 Spanishpesetas
7,59195 Frenchfrancs 8,22461 Frenchfrancs
0,844977Irishpunt 0,915392 Irishpunt
2050,96 Italianlire 2221,88 Italianlire
2,55054 Dutchguilders 2,76308 Dutchguilders
201,464 Portuguese escudos 218,253 Portuguese escudos
0,914453 Poundsterling 0,990657 Poundsterling