Currency conversion rates 2020, 2019, 2018 and 2017

Currency conversion rates in January 2020

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 01.01.2020 - 31.01.2020, 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 = 1.1115 USD).

Currency conversion rates in January 2020 (xls)

Currency Currency code Currency rate
United States USD 1.1115
Japan JPY 121.81
United Kingdom GBP 0.85055
Sweden SEK 10.4483
Norway NOK 10.0353
Denmark DKK 7.472
Switzerland CHF 1.0913
Canada CAD 1.4624
Hong Kong HKD 8.6566
Australia AUD 1.6227
New Zealand NZD 1.692
South Africa ZAR 15.97
Saudi Arabia SAR 4.17
United Arab Emirates AED 3.9998
Singapore SGD 1.5075
Malaysia MYR 4.5999
India INR 78.895
Russia RUB 69.5288
Czech Republic CZK 25.49
Poland PLN 4.2706
Hungary HUF 330.77
Thailand THB 33.606
South Korea KRW 1,296.56
Brazil BRL 4.5097
China CNY 7.7783
Indonesia IDR 15,558.78
Israel ILS 3.893
Mexico MXN 21.09
Philippine Islands PHP 56.271
Turkey TRY 6.5732
Morocco MAD 10.6947
Kuwait KWD 0.3374
Tunisia TND 3.152
Kazakhstan KZT 427.6545
Egypt EGP 17.8465
Iran IRR 46,686.57
Taiwan TWD 33.5115
Serbia RSD 117.49

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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