The euro exchange rate for calculating BPS 2018 payments has been set. The rate, an average of the European Central Bank exchange rates set in September, will be €1 = £0.89281.
BPS payments for England are set in euros and then converted into sterling. The previous years’ exchange rates for BPS were:
BPS 2017: €1 = £0.89370
BPS 2018: €1 = 0.85228
RPA will make full payments on BPS 2018 claims from the beginning of December. The RPA makes all payments directly into bank accounts by BACS transfer.