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 October 2018

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 01.10.2018 - 31.10.2018, 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 = 1.1481 USD).

Currency conversion rates in October 2018 (xls)

Currency Currency code Currency rate Korjattu kurssi
US dollar USD 1.1481 1.1667
Japanese yen JPY 128.89 130.94
UK pound sterling GBP 0.87373 0.88813
Swedish krona SEK 10.2197 10.3878
Norwegian krone NOK 9.392 9.547
Danish krone DKK 7.3404 7.4597
Swiss franc CHF 1.1122 1.1304
Canadian dollar CAD 1.4894 1.5136
Hong Kong dollar HKD 9.0056 9.1515
Australian dollar AUD 1.5856 1.6109
New Zealand dollar NZD 1.7407 1.7684
South African Rand ZAR 16.6504 17.1004
Saudi riyal SAR 4.285 4.285
United Arab Emirates dirham AED 4.1964 4.1964
Singapore dollar SGD 1.5739 1.5993
Malaysian ringgit MYR 4.8336 4.8336
Indian rupee INR 82.9337 84.4515
Russian rouble RUB 75.6688 78.0688
Czech koruna CZK 25.022 25.434
Polish zloty PLN 4.2266 4.2951
Hungarian forint HUF 318.22 323.39
Thai baht THB 37.094 37.871
Korean won (Republic) KRW 1,283.13 1,308.76
Brazilian real BRL 4.8582 4.8582
Chinese yuan renminbi CNY 7.9983 7.9983
Indonesian rupiah IDR 17,355.00 17,355.00
Israeli shekel ILS 4.0946 4.1775
Mexican peso MXN 21.413 21.8681
Philippine peso PHP 63.023 63.023
Turkish lira TRY 7.0236 7.3236
Moroccan dirham MAD 10.9647 10.9647
Kuwait dinar KWD 0.3532 0.3532
Tunisian dinar TND 3.2406 3.2406
Kazakstan tenge KZT 421.6787 421.6787
Egyptian pound EGP 20.9277 20.9277
Iranian rial IRR 48,974.10 48,974.10
New Taiwan dollar TWD 35.8922 35.8922
Serbian dinar RSD 118.18 118.18

Points to consider