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 DEPARTMENT OF THE NAVY
OFFICER IN CHARGE OF CONSTRUCTION
PACIFIC DIVISION, NAVAL FACILITIES ENGINEERING
COMMAND DETACHMENT, FAR EAST
PSC 473 BOX 61
FPO AP 96349-2903
OICCFEINST 7 1 0 0 . 1 I
90:GER:ym
13 Sep 93
CH-1
23 Mar 94
OICC PACNAVFACENGCOM DET FAR EAST INSTRUCTION 7100.1I
From:
Officer in Charge of Construction, Naval Facilities
Engineering Command Contracts, Far East
Subj:
YEN/DOLLAR CURRENCY EXCHANGE RATES
(1) Sample MIPR & Acceptance
Encl:
(2) SOP of 7 Aug 91 (revised) w/attachments
T o define the appropriate currency exchange rate
1.
Purpose.
applicable to contracts administrated by all Officer in Charge of
C o n s t r u c t i o n , Naval Facilities Engineering Command Detachment,
Far East offices for the various user activities.
OICCFEINST 7100.1H.
2.
Cancellation.
OICC PACNAVFACENGCOM DET Far East contracts are
3.
Background.
awarded in yen amounts ( e x c e p t to SOFA sponsored contractors).
To simplify budgeting for overseas activities, fixed currency
OICC PACNAVFACENGCOM Far
e x c h a n g e rates have been established.
East offices use the following fixed currency exchange rates:
Budget Exchange Rate: T h e s e r a t e s a r e e s t a b l i s h e d
a.
annually by DFAS and are applicable to contracts financed by
Since the yen
a p p r o p r i a t i o n s indicated in subparagraph 3c below.
costs are established, funding activities can determine the
The
a m o u n t of U.S. dollars required to meet those costs.
v a r i a n c e between the actual exchange rate incurred at time of
c o n t r a c t payment(s) and the budget execution rate is absorbed by
C N O / C M C in a centrally managed foreign currency fluctuation
T h e r e is no charge to the funding activity.
account.
Current Exchange Rate: Established by OICC
b.
PACNAVFACENGCOM DET Far East Headquarters and applicable to all
c o n t r a c t s financed by the a p p r o p r i a t i o n s as noted in
T h i s rate is normally set higher than the
subparagraph 3c below.
prevailing execution rate to assure sufficient funds are
available to cover the contract cost.
Common Appropriations and Applicable Currency Exchange
C.
L i s t e d below are the appropriations most frequently
Rate:
e n c o u n t e r e d and the applicable Currency Exchange Rate:
% OF SIOH CHARGE
CURRET
FSC
(R
CONST
EX RATE
APPROPRIATION
Budget
O&M, N Supplemental
1721823
E n c l o s u r e (1)
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