Currency conversion rates 2021, 2020, 2019, 2018 and 2017

Currency conversion rates in May 2021

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 01.05.2021 - 31.05.2021, 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 = 1.2007 USD).

Currency conversion rates in May 2021 (xls)

Currency Currency code Currency rate
US Dollar USD 1.2007
Japanese Yen JPY 129.80
British Pound GBP 0.8625
Swedish Krona SEK 10.1513
Norwegian Krone NOK 10.0423
Danish Krone DKK 7.4364
Swiss Franc CHF 1.1026
Canadian Dollar CAD 1.5137
Hong Kong Dollar HKD 9.3209
Australian Dollar AUD 1.5554
New Zealand Dollar NZD 1.6726
South African Rand ZAR 17.145
Saudi Arabian Riyal SAR 4.5026
Emirati Dirham AED 4.3082
Singapore Dollar SGD 1.5971
Malaysian Ringgit MYR 4.9481
Indian Rupee INR 90.5955
Russian Ruble RUB 92.0836
Czech Koruna CZK 25.893
Polish Zloty PLN 4.5561
Hungarian Forint HUF 362.30
Thai Baht THB 37.666
South Korean Won KRW 1,344.21
Brazilian Real BRL 6.6869
Chinese Yuan Renminbi CNY 7.8011
Indonesian Rupiah IDR 17,464.90
Israeli Shekel ILS 3.9099
Mexican Peso MXN 23.9052
Philippine Peso PHP 58.147
Turkish Lira TRY 9.8156
Moroccan Dirham MAD 10.7244
Kuwaiti Dinar KWD 0.3616
Tunisian Dinar TND 3.3028
Kazakhstani Tenge KZT 518.7101
Egyptian Pound EGP 18.8249
Iranian Rial IRR 50,423.73
Taiwan New Dollar TWD 33.7491
Serbian Dinar RSD 117.55
Icelandic Krona ISK 150.60
Bulgarian Lev BGN 1.9558
Croatian Kuna HRK 7.575
Romanian Leu RON 4.926

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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