NoL273/43 17.9.92 OfficialJournaloftheEuropeanCommunities
COMMISSION REGULATION (EEC)No2705/92
of16September1992
fixingtherepresentativemarketratestobeappliedforcertainamountsinthecontextof
thecommonagriculturalpolicyand,inparticular,forthecalculationofthemonetary
compensatory amounts
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,
HavingregardtoCouncilRegulation(EEC)No
1677/85of11June1985onmonetarycompensatory
amountsinagriculture('),aslastamendedbyRegu­
lation(EEC)No2205/90(2),andinparticular
Article9(1)thereof,
Whereasthemonetarycompensatory amounts
introducedbyRegulation(EEC)No1677/85werefixed
byCommissionRegulation(EEC)No1641/91(J),as
lastamendedbyRegulation(EEC)No2704/92(4),on
thebasisofthecentralratesand,forcertainMember
States,onthebasisoftheexchangeratesreferredtoin
Article3ofCommissionRegulation(EEC)No3153/85
of11November1985layingdowndetailedrulesforthe
calculationofmonetarycompensatoryamounts(5),as
lastamendedbyRegulation(EEC)No3672/89(6);
Whereas,inaccordancewithArticle3aofCommission
Regulation(EEC)No3152/85of11November1985
layingdowndetailedrulesfortheapplicationofRegu­
lation(EEC)No1676/85onthevalueoftheunitof
accountandtheconversionratestobeappliedforthe
purposesofthecommonagriculturalpolicy(7),aslast
amendedbyRegulation(EEC)No3237/90(*),the
ratesusedtofixor,whereappropriate,adjustthe
monetarycompensatoryamounts,fromthistimeforth
definedasrepresentativemarketrates,aretobeusedfor
theconversionintoecusoftheamountsrelatingtoworld
marketdataandexpressedinthenationalcurrencyofaMemberState;whereas,pursuanttoArticle6aofRegu­
lation(EEC)No1677/85andwithoutprejudiceto
Article7(2)ofCommissionRegulation(EEC)No
3578/88of17November1988layingdowndetailed
rulesfortheapplicationofthesystemfortheautomatic
dismantlement ofnegativemonetarycompensatory
amounts(*),aslastamendedbyRegulation(EEC)No
3137/91(10),thoseratesaretobetheagricultural
conversionratesapplyingtopigmeat;whereas,pursuant
toArticle2(4)ofCouncilRegulation(EEC)No
1676/85("),aslastamendedbyRegulation(EEC)No
2205/90,thoseratesarealsotobeusedforthe
conversionofcertainotheragriculturalamounts;
whereastheratesinquestionshouldbefixedtomakeit
easiertousethem;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftherelevant
managementcommittees,
HASADOPTEDTHISREGULATION :
Article1
TherepresentativemarketratesreferredtoinArticle3a
ofRegulation(EEC)No3152/85,tobeappliedfor
certainamountsinthecontextofthecommonagri­
culturalpolicyandusedtofixor,whereappropriate,to
adjustthemonetarycompensatoryamounts,aresetout
intheAnnexhereto.
Article2
ThisRegulationshallenterintoforceon17September
1992.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,16September1992.
FortheCommission
RayMACSHARRY
MemberoftheCommission
oOJNoL164,24.6.1985,p.6.
OOJNoL201,31.7.1990,p.9.
C)OJNoL153,17.6.1991,p.1.
(4)Seepage1ofthisOfficialJournal .
(s)OJNoL310,21.11.1985,p.4.
0)OJNoL358,8.12.1989,p.28.
OOJNoL310,21.11.1985,p.1.
(•)OJNoL310,9.11.1990,p.18.OOJNoL312,18.11.1988,p.16.
HOJNoL297,29.10.1991,p.17.
(")OJNoL164,24.6.1985,p.1.

NoL273/44 OfficialJournaloftheEuropeanCommunities 17.9.92
ANNEX
Representativemarketratestobeappliedforcertainamountsinthecontextofthecommonagricul­
turalpolicyand,inparticular,forthecalculationofthemonetarycompensatoryamounts
\100Lit 1£ 1£Irl 1ECU
Bfrs/Lfrs
Dkr
DM
FF
F1
£Irl
£
Lit
Dr
Esc
Pta2,57020
0,475328
0,124613
0,417935
0,140407
0,0465158
0,0441235
15,3810
10,8278
8,0179458,2502
10,7727
2,82418
9,47194
3,18213
1,05422
2266,37
348,589
245,397
181,71655,2545
10,2186
2,67893
8,98480
3,01847
0,948571
2149,81
330,661
232,776
172,37048,5563
8,97989
2,35418
7,89563
2,65256
0,878776
0,833581
1889,20
290,577
204,558
151,475