Currency conversion rates 2020, 2019, 2018 and 2017

Currency conversion rates in August 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 01.08.2017 - 31.08.2017, 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 = 1.1326 USD).

Currency conversion rates in August 2017 (xls)

Currency Currency code Currency rate Korjattu kurssi
United States USD 1.1326 1.1533
Japan JPY 126.28 129.03
United Kingdom GBP 0.86955 0.88485
Sweden SEK 9.3898 9.5598
Norway NOK 9.1118 9.3018
Denmark DKK 7.3919 7.4369
Switzerland CHF 1.0783 1.0994
Canada CAD 1.4245 0.1454
Hong Kong HKD 8.7669 9.0059
Australia AUD 1.4236 1.4532
New Zealand NZD 1.532 1.564
South Africa ZAR 14.3696 14.8896
Saudi Arabia SAR 4.2236 4.2236
United Arab Emirates AED 4.1348 4.1348
Singapore SGD 1.5282 1.5773
Malaysia MYR 4.9436 4.9436
India INR 69.9515 74.1515
Russia RUB 63.9915 68.0915
Czech Republic CZK 25.508 26.035
Poland PLN 4.0633 4.2127
Hungary HUF 299.52 306.42
Thailand THB 37.611 38.751
South Korea KRW 1,252.87 1,294.27
Brazil BRL 3.6432 3.6432
China CNY 7.7889 7.7889
Indonesia IDR 15,359.65 15,359.65
Israel ILS 3.9879 4.1279
Mexico MXN 19.414 20.175
Philippine Islands PHP 58.633 58.633
Turkey TRY 3.9026 4.0576
Morocco MAD 11.0538 11.0538
Kuwait KWD 0.3485 0.3485
Tunisia TND 2.795 2.795
Kazakhstan KZT 375.7911 375.7911
Egypt EGP 20.6646 20.6646
Iran IRR 37,608.4715 37,608.4715
Taiwan TWD 34.9795 34.9795
Serbia RSD 120.67 120.67

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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