21.2.95 (EN OfficialJournaloftheEuropeanCommunities NoL39/15
COMMISSION REGULATION (EC)No345/95
of20February 1995
fixingtheagricultural conversion rates
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Community ,necessarytofixanewagricultural conversion rateforthe
Greekdrachma ,theItalianlira,thepoundSterling,the
Irishpound,theSpanishpesetaandtheSwedishkrona;
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,
HavingregardtoCommission Regulation (EC)No157/95
of31January1995layingdowntransitional measuresfor
theabolitionofthecorrecting factorapplicable tothe
conversion ratesusedintheagricultural sector(3),andin
particular Article2(2)thereof,HASADOPTED THISREGULATION :
Whereastheagricultural conversion rateswerefixedby
Commission Regulation (EC)No328/95(4),Article 1
Theagricultural conversion ratesarefixedinAnnexI
hereto.
WhereasArticle4ofRegulation (EEC)No3813/92
providesthat,subjecttoconfirmation periodsbeingtrig­
gered,theagricultural conversion rateforacurrencyisto
beadjustedwherethemonetarygapbetweenitandthe
representative marketrateexceedscertainlevels;Article2
1.InthecasereferredtoinArticle 15(2)ofRegulation
(EEC)No1068/93,theagricultural conversion ratefixed
inadvanceshallbereplacedbytheecurateforthe
currencyconcerned ,showninAnnexII:
—TableA,wherethelatterrateishigherthantherate
fixedinadvance,
—TableB,wherethelatterrateislowerthantherate
fixedinadvance .
2.However ,inthecaseofagricultural conversion rates
fixedinadvancebefore 1February 1995,theecurates
listedinAnnexIIshallbereplacedbythosesetoutin
AnnexIII.Whereastherepresentative marketratesaredetermined
onthebasisofbasicreferenceperiodsor,whereappli­
cable,confirmation periods,established inaccordance
withArticle2ofCommission Regulation (EEC)No
1068/93of30April1993ondetailedrulesfordeter­
miningandapplyingtheagricultural conversion rates(5),
aslastamendedbyRegulation (EC)No157/95;whereas
paragraph 2ofthatArticleprovidesthat,incaseswhere
theabsolutevalueofthedifference betweenthemonetary
gapsintwoMemberStates,calculated fromtheaverageof
theecuratesforthreeconsecutive quotation days,exceeds
sixpoints,therepresentative marketratesaretobe
adjustedonthebasisofthethreequotation daysinques­
tion:
Article3
Regulation (EC)No328/95isherebyrepealed . Whereas,asaconsequence oftheexchangeratesrecorded
duringthereferenceperiod17to20February1995,itis
(')OJNoL387,31.12.1992,p.1.
(2)OJNoL22,31.1.1995,p.1.
(-')OJNoL24,1.2.1995,p.1.
0OJNoL37,17.2.1995,p.30.
(5)OJNoL108,1.5.1993,p.106.Article4
ThisRegulation shallenterintoforceon21February
1995.

NoL39/16PEN OfficialJournaloftheEuropeanCommunities 21.2.95
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,20February1995.
FortheCommission
FranzFISCHLER
MemberoftheCommission
ANNEXI
Agricultural conversion rates
ECU1=40,8337
7,74166
1,94962
296,492
198,202
6,61023
5,88000
2,19672
0,809785
2041,84
13,7190
164,452
9,32044
0,805837Belgianand
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
Luxembourg francs Luxembourg francs
7,44390 Danishkroner 8,06423 Danishkroner
1,87463 Germanmarks 2,03085 Germanmarks
285,088 Greekdrachmas 308,846 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
0,778639 Irishpunt 0,843526 Irishpunt
1963,31 Italianlire 2126,92 Italianlire
13,1913 Austrianschillings 14,2906 Austrianschillings
158,127 Spanishpesetas 171,304 Spanishpesetas
8,96196 Swedishkroner 9,70879 Swedishkroner
0,774848 Poundsterling 0,839414 Poundsterling

21.2.95 IETsM OfficialJournaloftheEuropean Communities NoT.39/17
ANNEXIII
Agricultural conversion ratesfixedinadvanceandadjustedwheretheywerefixedinadvance
before 1February 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
344,246 Greekdrachmas 372,934 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
0,940214 Irishpunt 1,01857 Irishpunt
2370,71 Italianlire 2568,28 Italianlire
15,9286 Austrianschillings 17,2560 Austrianschillings
190,940 Spanishpesetas 206,851 Spanishpesetas
10,8216 Swedishkroner 11,7235 Swedish kroner
0,935630 Poundsterling 1,01360 Poundsterling