Caveat Please note definition
Caveat Please note. As AHDB is an arm’s length body of DEFRA, we are therefore obliged to use a fixed currency exchange rate provided on a monthly basis by HMRC, please see below link for transparency and further information. HMRC currency exchange average rates - ▇▇▇.▇▇ (trade- ▇▇▇▇▇▇.▇▇▇▇▇▇▇.▇▇▇.▇▇) HMRC currency exchange monthly rates - ▇▇▇.▇▇ (trade- ▇▇▇▇▇▇.▇▇▇▇▇▇▇.▇▇▇.▇▇) Therefore, there will be no negotiation on a fixed yearly exchange rate throughout the course of the contract, AHDB are not in any position to agree to this and will be governed by HMRC each month. AHDB will be paying this contract in either the local currency or GBP Sterling only and only subject to change dependent on HMRC monthly exchange rates.