All actions: Can beneficiaries with general accounts in currencies other than the Euro use a different rate from the reported on the ECB website average daily exchange rate calculated over the corresponding reporting period?

With regard to the exchange rate, applicants can find the required information in the AGA (Annotated Grant Agreement) Article 21.3:

“Beneficiaries with general accounts established in a currency other than the euro must convert the costs recorded in their accounts into euro, at the average of the daily exchange rates published in the C series of the Official Journal of the European Union (ECB website), calculated over the corresponding reporting period.

If no daily euro exchange rate is published in the Official Journal for the currency in question, they must be converted at the average of the monthly accounting exchange rates published on the European Commission website (InforEuro), calculated over the corresponding reporting period.

Beneficiaries with general accounts in euro must convert costs incurred in another currency into euro according to their usual accounting practices.

Beneficiaries with general accounts established in a currency other than the euro must convert the costs recorded in their accounts into euro:

1.                  either at the end of the corresponding reporting period:

2.                  using the average of the daily exchange rates published either by the EU in the C series of the Official Journal of the European Union (ECB website) or by Oanda over the corresponding reporting period or

3.                  if no daily euro exchange rate is published for the currency in question, using the average of the monthly accounting exchange rates published on the European Commission website (InforEuro) over the corresponding reporting period

4.                  or for each month separately over the corresponding reporting period:

5.                  using the monthly accounting exchange rate published, for that month, on the European Commission website (InforEuro)

6.                  or for each day separately over the corresponding reporting period:

7.                  using the accounting exchange rate published, for that day, either by the EU in the C series of the Official Journal of the European Union (ECB website) or by Oanda.

Beneficiaries with general accounts in euro must convert costs incurred in another currency into euro according to their usual accounting practices.”