Newsletter 3 - October 2015
Updated 16 November 2017
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Euro exchange rates
Traders and officers at UK offices of departure who wish to calculate the value of a Community/Common Transit guarantee must use the official exchange rate when converting sterling and other national currencies into/from the euro (Article 22, paragraph 1 of Appendix II to the Convention on a Common Transit Procedure refers).
This rate is used by offices of departure for the purpose of calculating the amount of duty and other charges covered by the standard EUR 7,000 voucher in non-euro currencies.
The European Commission have published the following exchange rates between national currencies and the euro, and they shall be applied with effect from 1 January 2016:
| Euro | Amount | Code |
|---|---|---|
| 1 euro | = 7,4605 Danish krone | DKK |
| = 0,7367 Pound sterling | GBP | |
| = 9,3754 Swedish krona | SEK | |
| = 1,0903 Swiss franc | CHF | |
| = 142.45 Iceland króna | ISK | |
| = 9,4565 Norwegian krone | NOK | |
| = 1,9558 Bulgarian lev | BGN | |
| = 27,173 Czech koruna | CZK | |
| = 312,80 Hungarian forint | HUF | |
| = 61,6931 Macedonian denar | MKD | |
| = 4,2459 Polish zloty | PLN | |
| = 4,4159 Romanian leu | RON | |
| = 3.3700 Turkish lira | TRY | |
| = 7,6400 Croatian kuna | HRK |
Meryl Good
James Odell
Transit Policy Team