Currency conversion rates 2021, 2020, 2019, 2018 and 2017

Currency conversion rates in July 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 01.07.2020 - 31.07.2020, 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 = 1.1232 USD).

Currency conversion rates in July 2020 (xls)

Currency Currency code Currency rate
US Dollar USD 1.1232
Japanese Yen JPY 120.65
British Pound GBP 0.89448
Swedish Krona SEK 10.5123
Norwegian Krone NOK 10.705
Danish Krone DKK 7.456
Swiss Franc CHF 1.0669
Canadian Dollar CAD 1.5204
Hong Kong Dollar HKD 8.7049
Australian Dollar AUD 1.6292
New Zealand Dollar NZD 1.7395
South African Rand ZAR 19.2289
Saudi Arabian Riyal SAR 4.2085
Emirati Dirham AED 4.0177
Singapore Dollar SGD 1.565
Malaysian Ringgit MYR 4.8095
Indian Rupee INR 85.5505
Russian Ruble RUB 78.1853
Czech Koruna CZK 26.561
Polish Zloty PLN 4.4467
Hungarian Forint HUF 344.50
Thai Baht THB 35.055
South Korean Won KRW 1,362.21
Brazilian Real BRL 5.8521
Chinese Yuan Renminbi CNY 7.9602
Indonesian Rupiah IDR 15,948.04
Israeli Shekel ILS 3.8747
Mexican Peso MXN 24.9416
Philippine Peso PHP 56.273
Turkish Lira TRY 7.7012
Moroccan Dirham MAD 10.8655
Kuwaiti Dinar KWD 0.3451
Tunisian Dinar TND 3.2083
Kazakhstani Tenge KZT 454.2083
Egyptian Pound EGP 18.167
Iranian Rial IRR 47,114.13
Taiwan New Dollar TWD 33.248
Serbian Dinar RSD 117.58
Icelandic Krona ISK 152.40

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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