EURO (€) : monthly exchange rate for customs operations
July- August 2023: plan your import customs clearances according to the euro price... and save customs duties!
On Community territory, all the values taken from customs declarations must be expressed in euro (EUR).
As regards the value of the goods, if the supplier's invoice is established in another currency, the regulatory exchange rate applicable for the conversion shall be that indicated monthly by the European Commission. The amount of duties and taxes to be paid will be calculated on the basis of the value converted into EUR.
The monthly rates of exchange applicable for customs declarations shall be fixed the penultimate MERCREDI of each month and published the following day in the Official Journal of the European Union (OJ EU) version Communication (C).
A time limit that can be used forplan your customs operations based on the best exchange rate!As much as one month on the other, price changes may exceed 7% for some currencies...
NB: A change of + or – 5% in the interbank rate of a currency during the month may cause the European Commission to adjust its monthly exchange rate for customs operations.
EXPERT COUNCIL
JULY / AUGUST 2023
…… USD,JPY, GBP,HKD, CNY, INR: Euro exchange rate more favourable in August 2023
For your merchandise invoices issued in US dollar, Japanese yen, Sterling Book,Hong Kong dollar,Chinese Yuan Indian Rupee we advise you to plan your customs clearances for release for consumptionfrom August 2023.
…… GBP : Euro less favourable exchange rate in August 2023
For your merchandise invoices issued in Pound sterling we advise you to plan your customs clearances for release for consumptionbefore the end of July 2023.
EU customs exchange rates
August 2023 (at 01/07/2023)
EUR 1 = conversion rate (previous month change)
- USD : 1,1222 (+2,74%)
- JPY : 156,76 (+1,21%)
- GBP : 0,86918 (+1,27%)
- HKD : 8,7612 (+2,46%)
- CNY : 8,1014 (+3,18%)
- INR : 92,1095 (+2,83%)
Excerpt OJ EU:C 255/3