Currency Adjustment Factor
The average Euro exchange rate for July
On 1st January 2017 we introduced an exchange rate escalator. This takes the form of a Currency Adjustment Factor (CAF), the details of which are seen below. To demonstrate our continued support to our customers we will only apply the surcharge when £1.00 has a value below €1.25. You will note that we have split this in to two markets, each showing the percentage of Euro costs incurred and the applicable surcharge.
|Exchange Rate||Republic of Ireland||Europe|
|£ / €||35% € Costs||60% € Costs|
|1.25 - 1.20||1.25%||2.00%|
|1.19 - 1.15||2.50%||4.00%|
|1.14 - 1.10||3.75%||6.00%|
|1.09 - 1.05||5.00%||8.00%|
|1.04 - 1.00||6.25%||10.00%|
Our exchange rate information is obtained from www.oanda.com.