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 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
UK pound sterling 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 riyal SAR 4.2085
United Arab Emirates dirham AED 4.0177
Singapore dollar SGD 1.565
Malaysian ringgit MYR 4.8095
Indian rupee INR 85.5505
Russian rouble RUB 78.1853
Czech koruna CZK 26.561
Polish zloty PLN 4.4467
Hungarian forint HUF 344.50
Thai baht THB 35.055
Korean won (Republic) 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
Kuwait dinar KWD 0.3451
Tunisian dinar TND 3.2083
Kazakstan tenge KZT 454.2083
Egyptian pound EGP 18.167
Iranian rial IRR 47,114.13
New Taiwan dollar TWD 33.248
Serbian dinar RSD 117.58
Icelandic krona ISK 152.40

Points to consider