FFR - Germany

Discussion in 'Army Pay, Claims & JPA' started by Rockstar, Jun 10, 2009.

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  1. With the exchange rate slowly recovering, does anyone have any news on a possible increase in the FFR?
     
  2. No I haven't but I wouldn't expect it just yet either - we are currently paid at Euro 1.17 and the real rate (as opposed the the rate you get at the counter in the airport) hasn't quite reached that yet. It needs to do so and hold a certain percentage above it (sorry but I can't remember the exact percentage) it for at least a month before the FFR changes anyway.

    Of course, the theory behind LOA means that any change in FFR should be offset by a change in LOA anyway, so if the FFR were to rise, LOA should drop correspondingly to leave us with the same number of Euros hiting the bank at the end of the month....
     
  3. FFR = 1.17
    Actual exchange rate = 1.175

    We're getting there!