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 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
UK pound sterling 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 riyal SAR 4.0878
United Arab Emirates dirham AED 3.9053
Singapore dollar SGD 1.576
Malaysian ringgit MYR 4.7793
Indian rupee INR 81.1355
Russian rouble RUB 87.0959
Czech koruna CZK 27.154
Polish zloty PLN 4.501
Hungarian forint HUF 351.38
Thai baht THB 35.448
Korean won (Republic) 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
Kuwait dinar KWD 0.3372
Tunisian dinar TND 3.1505
Kazakstan tenge KZT 481.8642
Egyptian pound EGP 17.1091
Iranian rial IRR 45,624.39
New Taiwan dollar TWD 32.9582
Serbian dinar RSD 117.53

Points to consider