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Currency Adjustment Factor


The average Euro exchange rate for May
£1.1688

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.

£ / € 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.

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