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Currency conversion rates in April 2020

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 01.04.2020 - 30.04.2020, 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 = 1.0934 USD).

Currency conversion rates in April 2020 (xls)

Currency Currency code Currency rate
US Dollar USD 1.0934
Japanese Yen JPY 117.78
British Pound GBP 0.9219
Swedish Krona SEK 11.0223
Norwegian Krone NOK 11.701
Danish Krone DKK 7.4732
Swiss Franc CHF 1.0546
Canadian Dollar CAD 1.5749
Hong Kong Dollar HKD 8.4917
Australian Dollar AUD 1.8568
New Zealand Dollar NZD 1.8727
South African Rand ZAR 18.5624
Saudi Arabian Riyal SAR 4.0878
Emirati Dirham AED 3.9053
Singapore Dollar SGD 1.576
Malaysian Ringgit MYR 4.7793
Indian Rupee INR 81.1355
Russian Ruble RUB 87.0959
Czech Koruna CZK 27.154
Polish Zloty PLN 4.501
Hungarian Forint HUF 351.38
Thai Baht THB 35.448
South Korean Won KRW 1,377.80
Brazilian Real BRL 5.6133
Chinese Yuan Renminbi CNY 7.6925
Indonesian Rupiah IDR 16,892.54
Israeli Shekel ILS 4.1654
Mexican Peso MXN 26.2014
Philippine Peso PHP 56.441
Turkish Lira TRY 7.0491
Moroccan Dirham MAD 10.562
Kuwaiti Dinar KWD 0.3372
Tunisian Dinar TND 3.1505
Kazakhstani Tenge KZT 481.8642
Egyptian Pound EGP 17.1091
Iranian Rial IRR 45,624.39
Taiwan New Dollar TWD 32.9582
Serbian Dinar RSD 117.53

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.

If you need a currency conversion rate that has not been published on the Finnish Customs website, you can request it by contacting the Customs Information Service.

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