Currency conversion rates 2019, 2018 and 2017

Currency conversion rates in January 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 01.01.2019 - 31.01.2019, 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 = 1.1219 USD).

Currency conversion rates in January 2019 (xls)

Currency Currency code Currency rate
United States USD 1.1219
Japan JPY 126.06
United Kingdom GBP 0.88878
Sweden SEK 10.1712
Norway NOK 9.7826
Denmark DKK 7.3483
Switzerland CHF 1.1146
Canada CAD 1.509
Hong Kong HKD 8.7782
Australia AUD 1.5626
New Zealand NZD 1.635
South Africa ZAR 15.8102
Saudi Arabia SAR 4.2017
United Arab Emirates AED 4.113
Singapore SGD 1.5369
Malaysia MYR 4.7661
India INR 78.598
Russia RUB 74.6444
Czech Republic CZK 25.353
Poland PLN 4.2148
Hungary HUF 317.70
Thailand THB 36.534
South Korea KRW 1,258.60
Brazil BRL 4.4515
China CNY 7.8683
Indonesia IDR 16,471.67
Israel ILS 4.2006
Mexico MXN 22.4187
Philippine Islands PHP 60.535
Turkey TRY 5.786
Morocco MAD 10.8931
Kuwait KWD 0.3475
Tunisia TND 3.3952
Kazakhstan KZT 424.2031
Egypt EGP 20.4684
Iran IRR 47,999.70
Taiwan TWD 35.1644
Serbia RSD 118.24

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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