EN OfficialJournal oftheEuropeanCom mun ities 31.1.98 L25/7 9
COMM ISSION REG ULATI ON (EC )No 270/98
of30Jan uary1998
fixing the agricul tura lcon vers ion rate s
THE COM MISS ION OF THE EUR OPE AN COM MUN ITIE S,
Having regardtothe Trea tyestablishing the European
Com mun ity,
HavingregardtoCou ncil Regulation (EEC)No 3813/92
of28Decemb er1992onthe unit ofacco unt and the
conversion ratestobeapplied forthe purp oses ofthe
com mon agricultural policy(1),aslast ame ndedbyRegu-
latio n(EC)No 150/95(2),and inparticularArticle3(1)
thereof,
Whereasthe agricultural conversion rateswerefixedby
Com mission Regulation (EC)No 137/98(3);
WhereasArticle 4ofRegulation (EEC)No 3813/92
prov ides that,subjecttoconfirm ationperiods bein gtrig-
gere d,theagricultural conversionrate foracurrencyisto
beadju sted wherethe mon etarygap betw een itand the
represen tativ emarket rate exce eds certain levels;
Whereasthe represen tativ emarketratesaredete rmined
onthe basisofbasicreferenc eperiods or,whereap-
plicable,confirm ationperiods, established inacco rdan ce
with Article 2ofCom mission Regulation (EEC)No
1068/93 of30April1993ondetailed rulesfordete r-
miningand applyingtheagricultural conversionrates(4),
aslast ame ndedbyRegulation (EC)No 1482/96 (5);
whereas para grap h2ofthat Articleprov ides that,incases
wherethe abso lute valueofthe diffe renc ebetw een the
mon etarygapsintwo Mem berStates,calculatedfrom the
average ofthe ecu ratesforthreeconsecu tive quotatio n
days ,exce eds sixpoin ts,the represen tativ emarketrates
aretobeadju sted onthebasisofthethreequotatio ndays
inquestion;
Whereas,asaconsequ enceofthe exch angerates
reco rded from 21to31January 1998,itisnecessaryto
fixanew agricultural conversion rate forthe Swedish
crow n;WhereasArticle15(2)ofRegulation (EEC)No 1068/93
prov ides that anagricultural conversion rate fixedin
adva nce istobeadju sted ifthegap betw een that rate and
theagricultural conversionrate inforceatthetime ofthe
operativ eeven tapplicab lefor the amo unt concern ed
exce eds four poin ts;whereas,inthat even t,the agricul-
turalconversion rate fixedinadva nce isbrou ght more
closelyinto line with therate inforce,uptothelevelofa
gap offour poin tswith that rate;whereas therate which
replaces theagricultural conversionrate fixedinadva nce
shou ldbespec ified ,
HAS ADO PTE DTHI SREG ULA TIO N:
Art icle 1
The agricultural conversion ratesare fixedinAnn exI
here to.
Art icle 2
Inthe case referred toinArticle15(2)ofRegulation
(EEC)No1068/93 ,theagricultural conversionrate fixed
inadva nce shallbereplaced bythe ecu rate for the
currencyconcern ed,show ninAnn exII:
TableA,wherethelatte rrate ishigh erthan therate
fixedinadva nce,
TableB,wherethe latte rrate islowerthan the rate
fixedinadva nce.
Art icle 3
Regulation (EC)No 137/98 ishere byrepe aled.
Art icle 4
ThisRegulation shallente rinto forceon1February
1998.
ThisRegulation shallbebind ing initsentirety and directly applicab leinallMem ber
States.
Don eatBrussels,30January 1998.
For the Com mis sion
Fran zFISC HLE R
Mem ber ofthe Com mis sion
(1)OJL387, 31.12.1992 ,p.1.
(2)OJL22,31.1.1995 ,p.1.
(3)OJL15,21.1.1998 ,p.12.
(4)OJL108, 1.5.1993 ,p.106.
(5)OJL188, 27.7.1996 ,p.22.
EN Offi cial Journal oftheEuropeanCom mun ities 31.1.98 L25/8 0
ANN EX I
Agr icul tura lcon vers ion rate s
ECU 1= 40,9 321 Belg ianand
Luxe mbo urgfranc s
7,54 917 Dan ishkron er
1,98 243 Germ anmark s
312, 011 Gree kdrac hma s
201, 690 Port ugue seescu dos
6,68 769 Fren chfranc s
6,02 811 Finn ishmark s
2,23 273 Dutc hguild ers
0,78 5663 Irish punt
1973, 93 Italia nlire
13,9 485 Aust rian schil lings
167, 153 Span ishpese tas
8,71 433 Swed ishkron er
0,69 5735 Poun dsterl ing
ANN EX II
Agr icul tura lcon vers ion rate sfixe dinadva nce and adju sted
Table A Table B
ECU 1= 39,3 578 Belg ianand
Luxe mbo urgfranc sECU 1= 42,6 376 Belg ianand
Luxe mbo urgfranc s
7,25 882 Dan ishkron er 7,86 372 Dan ishkron er
1,90 618 Germ anmark s 2,06 503 Germ anmark s
300, 011 Gree kdrac hma s 325, 011 Gree kdrac hma s
193, 933 Port ugue seescu dos 210, 094 Port ugue seescu dos
6,43 047 Fren chfranc s 6,96 634 Fren chfranc s
5,79 626 Finn ishmark s 6,27 928 Finn ishmark s
2,14 686 Dutc hguild ers 2,32 576 Dutc hguild ers
0,75 5445 Irish punt 0,81 8399 Irish punt
1898, 01 Italia nlire 2056, 18 Italia nlire
13,4 120 Aust rian schil lings 14,5 297 Aust rian schil lings
160, 724 Span ishpese tas 174, 118 Span ishpese tas
8,37 916 Swed ishkron er 9,07 743 Swed ishkron er
0,66 8976 Poun dsterl ing 0,72 4724 Poun dsterl ing