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.”