24.12.90 OfficialJournaloftheEuropeanCommunities NoL361/43
COMMISSION REGULATION (EEC)No3702/90
of20December1990
fixingthemarketconversionratestobeappliedforcertainamountsinthecontextofthe
commonagriculturalpolicyand,inparticular,forthecalculationofthemonetary
compensatory amounts
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,lation(EEC)No1676/85onthevalueoftheunitof
accountandtheconversionratestobeappliedforthe
purposesofthecommonagriculturalpolicy('),aslast
amendedbyRegulation.(EEC)No3237/90(10),the
ratesusedtofixor,whereappropriate,adjustthe
monetarycompensatoryamounts,fromthistimeforth
definedasmarketconversionrates,aretobeusedfor
theconversionintoecusoftheamountsrelatingtoworld
marketdataandexpressedinthenationalcurrencyofa
MemberState;whereas,pursuanttoArticle2(4)of
CouncilRegulation(EEC)No1676/85("),aslast
amendedbyRegulation(EEC)No2205/90,thoserates
arealsotobeusedfortheconversionofcertainother
agriculturalamounts;whereastheratesinquestion
shouldbefixedtomakeiteasiertousethem,HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,
HavingregardtoCouncilRegulation(EEC)No
1677/85of11June1985onmonetarycompensatory
amountsinagriculture(*),aslastamendedbyRegulation
(EEC)No2205/90(2),andinparticularArticle9(2)
thereof,
HavingregardtoCommissionRegulation(EEC)No
3578/88of17November1988layingdowndetailed
rulesfortheapplicationofthesystemfortheautomatic
dismantlement ofnegativemonetarycompensatory
amounts(3),aslastamendedbyRegulation(EEC)No
3219/90(4),andinparticularArticle7thereof,
HASADOPTEDTHISREGULATION :
Whereasthemonetarycompensatory amounts
introducedbyRegulation(EEC)No1677/85arefixed
byCommissionRegulation(EEC)No1207/90(s),as
lastamendedbyRegulation(EEC)No3701/90('),on
thebasisofthecentralratesand,forcertainMember
States,onthebasisoftheexchangeratesreferredtoin
Article3ofCommissionRegulation(EEC)No3153/85
of11November1985layingdowndetailedrulesforthe
calculationofmonetarycompensatory amounts(7),as
lastamendedbyRegulation(EEC)No3672/89(*);
Whereas,inaccordancewithArticle3aofCommission
Regulation(EEC)No3152/85of11November1985
layingdowndetailedrulesfortheapplicationofReguArticle1
ThemarketconversionratesreferredtoinArticle3aof
Regulation(EEC)No3152/85,tobeappliedforcertain
amountsinthecontextofthecommonagricultural
policyandusedtofixor,whereappropriate,toadjust
themonetarycompensatoryamounts,shallbesetoutin
theAnnexhereto.
Article2
ThisRegulationshallenterintoforceon24December
1990.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,20December1990.
FortheCommission
RayMACSHARRY
MemberoftheCommission
(')OJNoL164,24.6.1985,p.6.
(J)OJNoL201,31.7.1990,p.9.
C)OJNoL312,18.11.1988,p.16.
C)OJNoL308,8.11.1990,p.21.
C)OJNoL122,14.5.1990,p.1.
(')Seepage1ofthisOfficialJournal.
OOJNoL310,21.11.1985,p.4.
(•)OJNoL358,8.12.1989,p.28.(')OJNoL310,21.11.1985,p.1.
(,0)OJNoL310,9.11.1990,p.18.
(")OJNoL164,24.6.1985,p.1.

NoL361/44 OfficialJournaloftheEuropeanCommunities 24.12.90
ANNEX
Marketconversionratestobeappliedforcertainamountsinthecontextofthecommonagricultural
policyand,inparticular,forthecalculationofthemonetarycompensatoryamounts
100Lit 1£ 1£Irl 1ECU
Bfrs/Lfrs 2,75661 59,7595 55,2545 48,5563
Dkr 0,509801 11,0518 10,2186 8,97989
DM 0,133650 2,89735 2,67893 2,35418
FF 0,448246 9,71736 8,98480 7,89563
F1 0,150590 3,26458 3,01847 2,65256
£Irl 0,0498894 1,08153— 0,878776
£ 0,0461284— 0,924613 0,812528
Lit — 2167,86 2004,44 1761,45
Dr 13,8325 299,870 277,264 243,653
Esc 11,8123 256,075 236,770 208,068
Pta 8,47154 183,652 169,807 149,222