21.4.93 OfficialJournaloftheEuropeanCommunities NoL95/27
COMMISSION REGULATION (EEC)No925/93
of20April1993
fixingtheagricultural conversion rates
advanceshallbeadjustedifthegapbetweenthatrateand
theagricultural conversion rateinforceatthetimeofthe
operativeeventapplicable forthecurrencyconcerned
exceedsfourpoints;whereas,inthatevent,theagricul­
turalconversion ratefixedinadvanceisbroughtmore
closelyintolinewiththerateinforce,uptothelevelofa
gapoffourpointswiththatrate;whereastheratewhich
replacestheagricultural conversion ratefixedinadvance
shouldbespecified,
HASADOPTED THISREGULATION :
Article 1
Theagricultural conversion ratesarefixedinAnnexI
hereto.THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Coriimunity ,
HavingregardtoCouncilRegulation (EEC)No3813/92
of28December 1992ontheunitofaccountandthe
conversion ratestobeappliedforthepurposesofthe
commonagricultural policy('),andinparticularArticle3
(1)thereof,
Whereastheagricultural conversion rateswerefixedby
Commission Regulation (EEC)No853/93(2);
WhereasArticle4(3)ofRegulation (EEC)No3813/92
stipulatesthatif,overareferenceperiod,theabsolute
valueofthedifference inthegapsbetweenthecurrencies
ofanytwoMemberStatesexceedsfourpoints,anymone­
tarygapsfortheMemberStatesconcerned thatexceed
twopointsshallimmediately bereducedtotwopoints;
whereas,inArticle1(f)ofRegulation (EEC)No3813/92,
theterm'monetarygap'isdefinedasthepercentage of
theagricultural conversion raterepresenting the
differencebetweenthatrateandtherepresentative market
rate;
Whereastherepresentative marketratesaredetermined
onthebasisofreferenceperiodsdetermined inaccord­
ancewithCommission Regulation (EEC)No3819/92of
28December 1992ondetailedrulesfordetermining and
applyingtheagricultural conversion rates(3);
Whereas,asaconsequence oftheexchangeratesrecorded
duringthereferenceperiod11to20April1993,itis
necessarytofixanewagricultural conversion rateforthe
poundsterlingandtheSpanishpeseta;
WhereasArticle11(2)ofRegulation (EEC)No3819/92
providesthatanagricultural conversion ratefixedinArticle2
InthecasereferredtoinArticle11(2)ofRegulation
(EEC)No3819/92,theagricultural conversion ratefixed
inadvanceshallbereplacedbytheecurateforthe
currencyconcerned ,showninAnnexII:
—TableA,wherethelatterrateishigherthantherate
fixedinadvance,
or
—TableB,wherethelatterrateislowerthantherate
fixedinadvance .
Article3
Regulation (EEC)No853/93isherebyrepealed .
Article4
ThisRegulation shallenterintoforceon21April1993.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,20April1993.
FortheCommission
ReneSTEICHEN
MemberoftheCommission
(')OJNoL387,31.12.1992,p.1.
OOJNoL89,9.4.1993,p.1.0OJNoL387,31.12.1992,p.17.

NoL95/28 OfficialJournaloftheEuropeanCommunities 21.4.93
ANNEXI
Agricultural conversion rates
ECU1-48,5563
8,97989
2,35418
314,412
166,261
7,89563
0,957268
2287,88
2,65256
214,525
0,970726Belgianand
Luxembourg francs
Danishkroner
Germanmarks
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
302,319 Greekdrachmas 327,513 Greekdrachmas
159,866 Spanishpesetas 173,189 Spanishpesetas
7,59195 Frenchfrancs 8,22461 Frenchfrancs
0,920450 Irishpunt 0,997154 Irishpunt
2199,88 Italianlire 2383,21 Italianlire
2,55054 Dutchguilders 2,76308 Dutchguilders
206,274 Portuguese escudos 223,464 Portuguese escudos
0,933390 Poundsterling 1,01117 Poundsterling