5.4.95 EN OfficialJournaloftheEuropeanCommunities NoL76/5
COMMISSION REGULATION (EC)No764/95
of4April1995
fixingtheagricultural conversion rates
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Community ,
HavingregardtoCouncilRegulation (EEC)No3813/92
of28December 1992ontheunitofaccountandthe
conversion ratestobeappliedforthepurposesofthe
commonagricultural policy('),aslastamendedbyRegu­
lation(EC)No150/95(2),andinparticularArticle3(1)
thereof,fixanewagricultural conversion ratefortheItalianlira,
theGreekdrachmaandtheSwedishkrona;
WhereasArticle15(2)ofRegulation (EEC)No1068/93
providesthatanagricultural conversion ratefixedin
advanceistobeadjustedifthegapbetweenthatrateand
theagricultural conversion rateinforceatthetimeofthe
operativeeventapplicable fortheamountconcerned
exceedsfourpoints;whereas,inthatevent,theagricul­
turalconversion ratefixedinadvanceisbroughtmore
closelyintolinewiththerateinforce,uptothelevelofa
gapoffourpointswiththatrate;whereastheratewhich
replacestheagricultural conversion ratefixedinadvance
shouldbespecified ,
HASADOPTED THISREGULATION :
Article 1
Theagricultural conversion ratesarefixedinAnnexI
hereto.Whereastheagricultural conversion rateswerefixedby
Commission Regulation (EC)No644/95(3);
WhereasArticle4ofRegulation (EEC)No3813/92
providesthat,subjecttoconfirmation periodsbeingtrig­
gered,theagricultural conversion rateforacurrencyisto
beadjustedwherethemonetarygapbetweenitandthe
representative marketrateexceedscertainlevels;
Whereastherepresentative marketratesaredetermined
onthebasisofbasicreferenceperiodsor,whereappli­
cable,confirmation periods,established inaccordance
withArticle2ofCommission Regulation (EEC)No
1068/93of30April1993ondetailedrulesfordeter­
miningandapplyingtheagricultural conversion rates(4),
aslastamended byRegulation (EC)No157/95(*);
whereasparagraph 2ofthatArticleprovidesthat,incases
wheretheabsolute valueofthedifference between the
monetarygapsintwoMemberStates,calculated fromthe
averageoftheecuratesforthreeconsecutive quotation
days,exceedssixpoints,therepresentative marketrates
aretobeadjustedonthebasisofthethreequotationdays
inquestion ;
Whereastheconfirmation periodthatbeganon26March
1995endson24April1995inaccordance withArticle 1
ofCommission Regulation (EC)No758/95of3April
1995layingdownspecialrulesforfixingagricultural
conversion rates(6);Article2
1.InthecasereferredtoinArticle 15(3)ofRegulation
(EEC)No1068/93,theagricultural conversion ratefixed
inadvanceshallbereplacedbytheecurateforthe
currencyconcerned ,showninAnnexII:
—TableA,wherethelatterrateishigherthantherate
fixedinadvance,
—TableB,wherethelatterrateislowerthantherate
fixedinadvance .
2.However,inthecaseofagricultural conversion rates
fixedinadvancebefore 1February1995,theecurates
listedinAnnexIIshallbereplacedbythosesetoutin
AnnexIII.
Whereas ,asaconsequence oftheexchangeratesrecorded
from26Marchto4April1995,andtheapplication of
Article2ofRegulation (EC)No758/95itisnecessarytoArticle3
Regulation (EC)No644/95isherebyrepealed .
(')OJNoL387,31.12.1992,p.1.
(2)OJNoL22,31.1.1995,p.1.
(3)OJNoL67,25.3.1995,p.22.0OJNoL108,1.5.1993,p.106.
OOJNoL24,1.2.1995,p.1.
(«)OJNoL75,4.4.1995,p.11.Article4
ThisRegulation shallenterintoforceon5April1995.

NoL76/6lENI OfficialJournaloftheEuropeanCommunities 5.4,95
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,4April1995.
FortheCommission
FranzFISCHLER
MemberoftheCommission
ANNEXI
Agricultural conversion rates
ECU1=40,8337 Belgianand
Luxembourg francs
7,74166 Danishkroner
1,94962 Germanmarks
302,837 Greekdrachmas
198,202 Portuguese escudos
6,61023 Frenchfrancs
5,88000 Finnishmarks
2,19672 Dutchguilders
0,829498 Irishpunt
2277,46 Italianlire
13,7190 Austrianschillings
170,165 Spanishpesetas
9,80081 Swedishkroner
0,829882 Poundsterling
ANNEXII
Agricultural conversion ratesfixedinadvanceandadjusted
TableA TableB
ECU1=39,2632 Belgianand ECU1=42,5351 Belgianand
I Luxembourg francs Luxembourg francs
7,44390 Danishkroner 8,06423 Danishkroner
1,87463 German marks 2,03085 German marks
291,189 Greekdrachmas 315,455 Greekdrachmas
190,579 Portuguese escudos 206,460 Portuguese escudos
6,35599 Frenchfrancs 6,88566 Frenchfrancs
5,65385 Finnishmarks 6,12500 Finnishmarks
2,11223 Dutchguilders 2,28825 Dutchguilders
0,797594 Irishpunt 0,864060 Irishpunt
2189,87 Italianlire 2372,35 Italianlire
13,1913 Austrianschillings 14,2906 Austrianschillings
163,620 Spanishpesetas 177,255 Spanishpesetas
9,42386 Swedishkroner 10,2092 Swedishkroner
0,797963 Poundsterling 0,864460 Poundsterling

5.4.95 EN OfficialJournaloftheEuropeanCommunities NoL76/7
ANNEXIII
Agricultural conversion ratesfixedinadvanceandadjustedwheretheywerefixedinadvance
before1February 1995
TableA TableB
ECU1-47,4107 Belgianand ECU1=51,3615 Belgianand
Luxembourg francs Luxembourg francs
8,98858 Danishkroner 9,73763 Danishkroner
2,26363 German marks 2,45227 German marks
351,613 Greekdrachmas 380,915 Greekdrachmas
230,126 Portuguese escudos 249,302 Portuguese escudos
7,67492 Frenchfrancs 8,31450 Frenchfrancs
6,82707 Finnishmarks 7,39599 Finnishmarks
2,55054 Dutchguilders 2,76308 Dutchguilders
0,963102 Irishpunt 1,04336 Irishpunt
2644,29 Italianlire 2864,63 Italianlire
15,9286 Austrianschillings 17,2560 Austrianschillings
197,573 Spanishpesetas 214,037 Spanishpesetas
11,3794 Swedish kroner 12,3277 Swedishkroner
0,963548 Poundsterling 1,04384 Poundsterling