NoL67/22IEN OfficialJournaloftheEuropeanCommunities 25.3.95
COMMISSION REGULATION (EC)No644m
of24March1995
fixingtheagricultural conversion rates
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Community ,No3813/92applies;whereasitisnecessarytofixanew
agricultural conversion ratefortheItalianlira,theGreek
drachma,theSpanishpeseta,theSwedishkrona,the
poundsterlingandtheIrishpound;
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,HavingregardtoCouncilRegulation (EEC)No3813/92
of28December 1992ontheunitofaccountandthe
conversion ratestobeappliedforthepurposesofthe
commonagricultural policy('),aslastamendedbyRegu­
lation(EC)No150/95(2),andinparticularArticle3(1)
thereof,
Whereastheagricultural conversion rateswerefixedby
Commission Regulation (EC)No580/95(3);
HASADOPTED THISREGULATION :
WhereasArticle4ofRegulation (EEC)No3813/92
providesthat,subjecttoconfirmation periodsbeingtrig­
gered,theagricultural conversion rateforacurrencyisto
beadjustedwherethemonetarygapbetweenitandthe
representative marketrateexceedscertainlevels;Article 1
Theagricultural conversion ratesarefixedinAnnexI
hereto.
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,calculatedfromthe
averageoftheecuratesforthreeconsecutive quotation
days,exceedssixpoints,therepresentative marketrates
aretobeadjustedonthebasisofthethreequotationdays
inquestion ;Article2
1.InthecasereferredtoinArticle15(3)ofRegulation
(EEC)No1068/93,theagricultural conversion ratefixed
inadvanceshallbereplacedbytheecurateforthe
currencyconcerned ,showninAnnexII:
—TableA,wherethelatterrateishigherthantherate
fixedinadvance,
—TableB,wherethelatterrateislowerthantherate
fixedinadvance .
2.However,inthecaseofagricultural conversion rates
fixedinadvancebefore1February1995,theecurates
listedinAnnexIIshallbereplacedbythosesetoutin
AnnexIII. Whereas,asaconsequence oftheexchangeratesrecorded
duringthereference period16to25March1995,
applyingArticle4(1),(2)and(3)ofRegulation (EEC)No
3813/92wouldresultinaconsiderable reduction inthe
agricultural conversion ratefortheBelgianfranc,the
Germanmark,theDutchguilderandtheAustrianschil­
ling;whereas,therefore,Article4(5)ofRegulation (EEC)Article3
Regulation (EC)No580/95isherebyrepealed .
(')OJNoL387,31.12.1992,p.1.
(2)OJNoL22,31.1.1995,p.1.
OOJNoL58,16.3.1995,p.18.
(4)OJNoL108,1.5.1993,p.106.
OOJNoL24,1.2.1995,p.1.Article4
ThisRegulation shallenterintoforceon26March1995.

25.3.95 IENI OfficialJournaloftheEuropeanCommunities NoL67/23
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,24March 1995.
FortheCommission
FranzFISCHLER
MemberoftheCommission

NoL67/24 IENI OfficialJournaloftheEuropeanCommunities 25.3.95
ANNEXI
Agricultural conversion rates
ECU1-40,8337
7,74166
1,94962
302,187
198,202
6,61023
5,88000
2,19672
0,829498
2269,92
13,7190
170,165
9,58593
0,829882Belgianand
Luxembourg francs
Danishkroner
German marks
Greekdrachmas
Portuguese escudos
Frenchfrancs
Finnishmarks
Dutchguilders
Irishpunt
Italianlire
Austrianschillings
Spanishpesetas
Swedishkroner
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 Germanmarks 2,03085 German marks
290,564 Greekdrachmas 314,778 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
2182,62 Italianlire 2364,50 Italianlire
13,1913 Austrianschillings 14,2906 Austrianschillings
163,620 Spanishpesetas 177,255 Spanishpesetas
9,21724 Swedishkroner 9,98534 Swedishkroner
0,797963 Poundsterling 0,864460 Poundsterling

25.3.95 IENI OfficialJournaloftheEuropean Communities NoL67/25
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 Germanmarks
350,859 Greekdrachmas 380,097 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
2635,53 Italianlire 2855,16 Italianlire
15,9286 Austrianschillings 17,2560 Austrianschillings
197,573 Spanishpesetas 214,037 Spanishpesetas
11,1299 Swedishkroner 12,0574 Swedishkroner
0,963548 Poundsterling 1,04384 Poundsterling