Currency conversion rates 2020, 2019, 2018 and 2017

Currency conversion rates in July 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 01.07.2020 - 31.07.2020, 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 = 1.1232 USD).

Currency conversion rates in July 2020 (xls)

Currency Currency code Currency rate
United States USD 1.1232
Japan JPY 120.65
United Kingdom GBP 0.89448
Sweden SEK 10.5123
Norway NOK 10.705
Denmark DKK 7.456
Switzerland CHF 1.0669
Canada CAD 1.5204
Hong Kong HKD 8.7049
Australia AUD 1.6292
New Zealand NZD 1.7395
South Africa ZAR 19.2289
Saudi Arabia SAR 4.2085
United Arab Emirates AED 4.0177
Singapore SGD 1.565
Malaysia MYR 4.8095
India INR 85.5505
Russia RUB 78.1853
Czech Republic CZK 26.561
Poland PLN 4.4467
Hungary HUF 344.50
Thailand THB 35.055
South Korea KRW 1,362.21
Brazil BRL 5.8521
China CNY 7.9602
Indonesia IDR 15,948.04
Israel ILS 3.8747
Mexico MXN 24.9416
Philippine Islands PHP 56.273
Turkey TRY 7.7012
Morocco MAD 10.8655
Kuwait KWD 0.3451
Tunisia TND 3.2083
Kazakhstan KZT 454.2083
Egypt EGP 18.167
Iran IRR 47,114.13
Taiwan TWD 33.248
Serbia RSD 117.58
Iceland ISK 152.40

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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