Currency conversion rates 2019, 2018 and 2017

Currency conversion rates in December 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 01.12.2019 - 31.12.2019, 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 = 1.1059 USD).

Currency conversion rates in December 2019 (xls)

Currency Currency code Currency rate
United States USD 1.1059
Japan JPY 119.96
United Kingdom GBP 0.85715
Sweden SEK 10.6935
Norway NOK 10.1455
Denmark DKK 7.4731
Switzerland CHF 1.0977
Canada CAD 1.4711
Hong Kong HKD 8.6549
Australia AUD 1.6227
New Zealand NZD 1.7222
South Africa ZAR 16.3671
Saudi Arabia SAR 4.1535
United Arab Emirates AED 3.9851
Singapore SGD 1.5059
Malaysia MYR 4.6066
India INR 79.423
Russia RUB 70.7748
Czech Republic CZK 25.541
Poland PLN 4.2932
Hungary HUF 333.41
Thailand THB 33.382
South Korea KRW 1,294.49
Brazil BRL 4.6409
China CNY 7.7786
Indonesia IDR 15,602.04
Israel ILS 3.8425
Mexico MXN 21.4802
Philippine Islands PHP 56.279
Turkey TRY 6.3003
Morocco MAD 10.6681
Kuwait KWD 0.3363
Tunisia TND 3.152
Kazakhstan KZT 428.8528
Egypt EGP 17.8506
Iran IRR 46,509.12
Taiwan TWD 33.7723
Serbia RSD 117.59

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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