Newsletter 3 - December 2016
Updated 16 November 2017
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1. 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 euro 10,000 voucher in non-euro currencies.
The European Commission have published the following exchange rates between national currencies and the euro. This shall be applied with effect from 1 January 2017.
| Euro | Amount | Code |
|---|---|---|
| 1 euro | = 7,4463 Danish krone | DKK |
| = 0,87318 pounds sterling | GBP | |
| = 9,5930 Swedish krona | SEK | |
| = 1,09464 Swiss franc | CHF | |
| = 8,9625 Norwegian krone | NOK | |
| = 1,9558 Bulgarian lev | BGN | |
| = 27,021 Czech koruna | CZK | |
| = 308,18 Hungarian forint | HUF | |
| = 61,4942 Macedonian denar | MKD | |
| = 4,2933 Polish zloty | PLN | |
| = 4,4505 Romanian leu | RON | |
| = 3.3804 Turkish lira | TRY | |
| = 7,5053 Croatian kuna | HRK | |
| = 123,2139 Serbian dinar | RSD |