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 or export, 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.
- Customs Act (304/2016) section 6(1)(9) (in Finnish)
- Union Customs Code EU) N:o 952/2013, Article 53(1)(a)
- Commission Implementing Regulation (2015/2447), Article 146