Currency conversion rates 2019, 2018 and 2017

Currency conversion rates in October 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 01.10.2019 - 31.10.2019, 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 = 1.1053 USD).

Currency conversion rates in October 2019 (xls)

Currency Currency code Currency rate
United States USD 1.1053
Japan JPY 119.54
United Kingdom GBP 0.8872
Sweden SEK 10.7298
Norway NOK 9.8905
Denmark DKK 7.4673
Switzerland CHF 1.0999
Canada CAD 1.4645
Hong Kong HKD 8.6533
Australia AUD 1.6149
New Zealand NZD 1.7428
South Africa ZAR 16.1576
Saudi Arabia SAR 4.1491
United Arab Emirates AED 4.0627
Singapore SGD 1.5182
Malaysia MYR 4.6246
India INR 78.707
Russia RUB 70.9405
Czech Republic CZK 25.892
Poland PLN 4.337
Hungary HUF 332.89
Thailand THB 33.75
South Korea KRW 1,316.22
Brazil BRL 4.5045
China CNY 7.8349
Indonesia IDR 15,541.22
Israel ILS 3.9075
Mexico MXN 21.3629
Philippine Islands PHP 57.643
Turkey TRY 6.2663
Morocco MAD 10.7033
Kuwait KWD 0.3361
Tunisia TND 3.1616
Kazakhstan KZT 427.9722
Egypt EGP 18.0135
Iran IRR 46,443.60
Taiwan TWD 34.2256
Serbia RSD 117.55

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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