Currency conversion rates 2020, 2019, 2018 and 2017

Currency conversion rates in September 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 01.09.2020 - 30.09.2020, 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 = 1.1933 USD).

Currency conversion rates in September 2020 (xls)

Currency Currency code Currency rate
United States USD 1.1933
Japan JPY 125.74
United Kingdom GBP 0.90345
Sweden SEK 10.314
Norway NOK 10.5455
Denmark DKK 7.4453
Switzerland CHF 1.0811
Canada CAD 1.5688
Hong Kong HKD 9.2483
Australia AUD 1.6428
New Zealand NZD 1.7969
South Africa ZAR 20.5183
Saudi Arabia SAR 4.4794
United Arab Emirates AED 4.2812
Singapore SGD 1.6278
Malaysia MYR 4.979
India INR 89.316
Russia RUB 87.5706
Czech Republic CZK 26.118
Poland PLN 4.3942
Hungary HUF 349.79
Thailand THB 37.279
South Korea KRW 1,405.97
Brazil BRL 6.5115
China CNY 8.2472
Indonesia IDR 17,626.23
Israel ILS 4.0571
Mexico MXN 26.383
Philippine Islands PHP 57.911
Turkey TRY 8.7785
Morocco MAD 10.955
Kuwait KWD 0.3647
Tunisia TND 3.2555
Kazakhstan KZT 500.0683
Egypt EGP 19.0125
Iran IRR 50,158.50
Taiwan TWD 35.0703
Serbia RSD 117.60
Iceland ISK 162.00

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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