OfficialJournaloftheEuropeanCommunities 22.12.92 NoL377/46
COMMISSION REGULATION (EEC)No3705/92
of21December1992
fixingtherepresentativemarketratestobeappliedforcertainamountsinthecontextof
thecommonagriculturalpolicyand,inparticular,forthecalculationofthemonetary
compensatory amounts
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,definedasrepresentativemarketrates,aretobeusedfor
theconversionintoecusoftheamountsrelatingtoworld
marketdataandexpressedinthenationalcurrencyofa
MemberState;whereas,pursuanttoArticle6aofRegu­
lation(EEC)No1677/85andwithoutprejudiceto
Article7(2)ofCommissionRegulation(EEC)No
3578/88of17November1988layingdowndetailed
rulesfortheapplicationofthesystemfortheautomatic
dismantlement ofnegativemonetarycompensatory
amounts('),aslastamendedbyRegulation(EEC)No
3137/91(10),thoseratesaretobetheagricultural
conversionratesapplyingtopigmeat;whereas,pursuant
toArticle2(4)ofCouncilRegulation(EEC)No
1676/85("),aslastamendedbyRegulation(EEC)No
2205/90,thoseratesarealsotobeusedforthe
conversionofcertainotheragriculturalamounts;
whereastheratesinquestionshouldbefixedtomakeit
easiertousethem;HavingregardtoCouncilRegulation(EEC)No
1677/85of11June1985onmonetarycompensatory
amountsinagriculture(l),aslastamendedbyRegu­
lation(EEC)No2205/90(2),andinparticular
Article9(1)thereof,
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftherelevant
managementcommittees,Whereasthemonetarycompensatory amounts
introducedbyRegulation(EEC)No1677/85werefixed
byCommissionRegulation(EEC)No1641/91(J),as
lastamendedbyRegulation(EEC)No3704/92(4),on
thebasisofthecentralratesand,forcertainMember
States,onthebasisoftheexchangeratesreferredtoin
Article3ofCommissionRegulation(EEC)No3153/85
of11November1985layingdowndetailedrulesforthe
calculationofmonetarycompensatory amounts(*),as
lastamendedbyRegulation(EEC)No3672/89(');HASADOPTEDTHISREGULATION :
Article1
TherepresentativemarketratesreferredtoinArticle3a
ofRegulation(EEC)No3152/85,tobeappliedfor
certainamountsinthecontextofthecommonagri­
culturalpolicyandusedtofixor,whereappropriate,to
adjustthemonetarycompensatoryamounts,aresetout
intheAnnexhereto.Whereas,inaccordancewithArticle3aofCommission
Regulation(EEC)No3152/85of11November1985
layingdowndetailedrulesfortheapplicationofRegu­
lation(EEC)No1676/85onthevalueoftheunitof
accountandtheconversionratestobeappliedforthe
purposesofthecommonagriculturalpolicy(7),aslast
amendedbyRegulation(EEC)No3237/90(*),the
ratesusedtofixor,whereappropriate,adjustthe
monetarycompensatoryamounts,fromthistimeforth
Article2
ThisRegulationshallenterintoforceon22December
1992.0)OJNoL164,24.6.1985,p.6.
(2)OJNoL201,31.7.1990,p.9.
OOJNoL153,17.6.1991,p.1.
(4)Seepage1ofthisOfficialJournal.
(»)OJNoL310,21.11.1985,p.4.
C)OJNoL358,8.12.1989,p.28.
OOJNoL310,21.11.1985,p.1.
(•)OJNoL310,9.11.1990,p.18.oOJNoL312,18.11.1988,p.16.
(,0)OJNoL297,29.10.1991,p.17.
(")OJNoL164,24.6.1985,p.1.

22.12.92 OfficialJournaloftheEuropeanCommunities NoL377/47
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,21December1992.
FortheCommission
RayMACSHARRY
MemberoftheCommission

22.12.92 NoL377/48 OfficialJournaloftheEuropeanCommunities
ANNEX
Conversionratesusedforthecalculationofmonetarycompensatoryamountsandtobeappliedfor
certainamountsintheagriculturalsector
100Lit 1£ 1£Irl 1ECU
Bfrs/Lfrs 2,33356 50,9602 55,2545 48,5563
Dkr 0,431564 9,42446 10,2186 8,97989
DM 0,113139 2,47073 2,67893 2,35418
FF 0,379455 8,28652 8,98480 7,89563
F1 0,127479 2,78388 3,01847 2,65256
£Irl 0,0422330 0,922282 — 0,878776
£ 0,0457919 — 1,08427 0,952S28
Lit — 2183,79 2367,82 2080,78
Dr 14,8130 323,485 350,745 308,226
Esc 10,0694 219,896 238,426 209,523
Pta 8,03473 175,462 190,248 167,185