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

Currency conversion rates in January 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 01.01.2021 - 31.01.2021, 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 = 1.2166 USD).

Currency conversion rates in January 2021 (xls)

Currency Currency code Currency rate
United States USD 1.2166
Japan JPY 125.99
United Kingdom GBP 0.907
Sweden SEK 10.1213
Norway NOK 10.6238
Denmark DKK 7.438
Switzerland CHF 1.0837
Canada CAD 1.5671
Hong Kong HKD 9.4321
Australia AUD 1.6118
New Zealand NZD 1.7208
South Africa ZAR 17.7895
Saudi Arabia SAR 4.5833
United Arab Emirates AED 4.383
Singapore SGD 1.6235
Malaysia MYR 4.9437
India INR 89.7945
Russia RUB 91.636
Czech Republic CZK 26.372
Poland PLN 4.5025
Hungary HUF 362.65
Thailand THB 36.772
South Korea KRW 1,347.45
Brazil BRL 6.2867
China CNY 7.9549
Indonesia IDR 17,351.03
Israel ILS 3.9193
Mexico MXN 24.4449
Philippine Islands PHP 58.453
Turkey TRY 9.2946
Morocco MAD 10.9609
Kuwait KWD 0.3726
Tunisia TND 3.292
Kazakhstan KZT 514.751
Egypt EGP 19.2189
Iran IRR 51,299.22
Taiwan TWD 34.39
Serbia RSD 117.60
Iceland ISK 155.90
Bulgaria BGN 1.9558
Kroatia HRK 7.544
Romania RON 4.871

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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