Don't worry, Nav Charges are not paid in £sterling.......NATS are absolutely coining it at the moment......neck-deep in cash.
Well, nearly right!
Basic unit rates are adjusted every month if the national currency of a Member State is not the euro. The monthly unit rate is recalculated by applying an exchange rate between the euro and the national currency. This exchange rate is the average of the ‘Closing Cross Rate’ calculated by Reuters based on the daily BID rate, for the preceding month.
NATS gains in route charge income when the pound is in constant decline (as the income in December,for example, will be based on the exchange rate in November), so there will be some benefit this year.
However, a number of our suppliers (of goods and services) are paid in currencies other than sterling.