Currency conversion rates 2019, 2018 and 2017

Currency conversion rates in August 2019

Customs establishes the following currency conversion rates, which should be used when establishing the customs value of imported goods. These conversion rates must, if nothing else is mentioned, be used on goods that in Finland, during the time period 01.08.2019 - 31.08.2019, is released for free circulation within the customs territory of the Union.

The base currency for the established currency conversion rates below is euro (e.g. 1 EUR = 1.114 USD).

Currency conversion rates in August 2019 (xls)

Currency Currency code Currency rate
United States USD 1.114
Japan JPY 120.41
United Kingdom GBP 0.89143
Sweden SEK 10.5293
Norway NOK 9.6355
Denmark DKK 7.4649
Switzerland CHF 1.0982
Canada CAD 1.4627
Hong Kong HKD 8.7038
Australia AUD 1.596
New Zealand NZD 1.6613
South Africa ZAR 15.5004
Saudi Arabia SAR 4.1828
United Arab Emirates AED 4.0966
Singapore SGD 1.5196
Malaysia MYR 4.5831
India INR 76.8285
Russia RUB 70.3192
Czech Republic CZK 25.542
Poland PLN 4.2547
Hungary HUF 325.75
Thailand THB 34.428
South Korea KRW 1,311.47
Brazil BRL 4.1948
China CNY 7.6588
Indonesia IDR 15,568.15
Israel ILS 3.924
Mexico MXN 21.3211
Philippine Islands PHP 59.964
Turkey TRY 6.382
Morocco MAD 10.7132
Kuwait KWD 0.3393
Tunisia TND 3.2131
Kazakhstan KZT 428.6567
Egypt EGP 18.5097
Iran IRR 46,831.89
Taiwan TWD 34.6389
Serbia RSD 117.805

Points to consider

If the transaction price or the related items are given in a currency other than the euro, the sums must first be converted into euros based on the currency rates confirmed by Customs.

On customs declarations, the value of the goods is declared in the currency stated on the invoice or freight bill. The sums are converted into euros according to the conversion rate confirmed by Customs.

In the case of customs declarations for release for free circulation, the conversion rates applied are those valid on the date when Customs accepts the customs declaration for the goods. For example, if the acceptance date of the customs declaration is in September, the rate Customs has confirmed for September will be applied.

How does Customs determine the currency conversion rates?

The reference rate published by the European Central Bank on the penultimate Wednesday of each month is used for currency conversion to determine the customs value. Customs will responsible for determining the rate if no ECB reference rate is available.

The currency rate will applied for one month from the first day of the following month.

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