Currency conversion rates 

Currency rates are needed for determining the customs value of the goods in the customs declaration. In your customs declaration, please use the conversion rates published by Customs on this webpage.

In import and export declarations, you should use the conversion rates of the month when the customs declaration was submitted and accepted by Customs. If the value of the goods is entered in the invoice or the freight bill in some other currency than the euro, enter in the customs declaration the transaction price and the related items in the currency in question. The system converts the amounts into euro by using the currency conversion rates confirmed by Customs.

In some cases, you have to convert the foreign currency amounts into euro yourself. Detailed instructions are available in the customer instructions on import and export.

Is the currency rate missing?

If the currency you require is missing from the list of currency rates on this page, do this:

  1. Ask Customs Information for the currency rate.
  2. Enter in the customs declaration the transaction price in euro converted with the currency conversion rate that you received.
  3. Enter in the customs declaration the currency conversion rate received from Customs with additional information code “FIKUR.” Enter as the description the conversion rate and the currency code (i.e. “19.14 MDL”).

How does Customs determine the currency conversion rates?

The reference rate published by the European Central Bank is used for currency conversion to determine the customs value. Customs is responsible for determining the currency rate if no ECB reference rate is available. The conversion rates are based on the currency rate of the second last Wednesday of each month.

The currency rate will apply for one month from the first day of the following month.

Currency conversion rates in February 2017

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 01.02.2017 - 28.02.2017, 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 = 1.0457 USD).

Currency conversion rates in February 2017 (xls)

Currency Currency code Currency rate Korjattu kurssi
US dollar USD 1.0457 1.0664
Japanese yen JPY 118.30 121.05
UK pound sterling GBP 0.85303 0.86833
Swedish krona SEK 9.3628 9.5328
Norwegian krone NOK 8.843 9.033
Danish krone DKK 7.3911 7.4361
Swiss franc CHF 1.0495 1.0706
Canadian dollar CAD 1.3691 1.3986
Hong Kong dollar HKD 8.0326 8.2716
Australian dollar AUD 1.3832 1.4128
New Zealand dollar NZD 1.4521 1.4838
South African Rand ZAR 13.9432 14.4632
Saudi riyal SAR 3.9084 3.9084
United Arab Emirates dirham AED 3.8256 3.8256
Singapore dollar SGD 1.4685 1.5176
Malaysian ringgit MYR 4.75 4.75
Indian rupee INR 68.4365 72.6365
Russian rouble RUB 59.148 63.248
Czech koruna CZK 26.494 27.021
Polish zloty PLN 4.2179 4.3673
Hungarian forint HUF 301.02 307.92
Thai baht THB 36.515 37.655
Korean won (Republic) KRW 1,207.99 1,249.39
Brazilian real BRL 3.4367 3.4367
Chinese yuan renminbi CNY 7.2931 7.2931
Indonesian rupiah IDR 14,228.44 14,228.44
Israeli shekel ILS 3.9269 4.0669
Mexican peso MXN 22.3729 23.1335
Philippine peso PHP 53.222 53.222
Turkish lira TRY 3.8821 4.0371
Moroccan dirham MAD 10.7309 10.7309
Kuwait dinar KWD 0.3262 0.3262
Tunisian dinar TND 2.4678 2.4678
Kazakstan tenge KZT 352.9756 352.9756
Egyptian pound EGP 20.0969 20.0969
Iranian rial IRR 34,588.4755 34,588.4755
New Taiwan dollar TWD 33.679 33.679
Serbian dinar RSD 123.8837 123.8837

Points to consider