HMRC EXCHANGE RATES MARCH 2024 E&OE Abu Dhabi Dirham AED 4.6327 ][ Albania Lek ALL 121.1471 ][ Algeria Dinar DZD 169.7528 ][ Angola Readj Kwanza AOA 1054.5481 ][ Antigua E Caribbean Dollar XCD 3.4088 ][ Argentina Peso ARS 1056.2063 ][ Armenia Dram AMD 509.9746 ][ Aruba Florin AWG 2.2580 ][ Australia Dollar AUD 1.9252 ][ Azerbaijan New Manat AZN 2.1464 ][ Bahamas Dollar BSD 1.2614 ][ Bahrain Dinar BHD 0.4743 ][ Bangladesh Taka BDT 138.3268 ][ Barbados Dollar BBD 2.5229 ][ Belarus Rouble BYN 4.1259 ][ Belize Dollar BZD 2.5413 ][ Benin CFA Franc XOF 766.2805 ][ Bermuda Dollar (US) BMD 1.2614 ][ Bhutan Ngultrum BTN 104.6369 ][ Bolivia Boliviano BOB 8.7123 ][ Bosnia- Herzegovinia Marka BAM 2.2848 ][ Botswana Pula BWP 17.2573 ][ Brazil Real BRL 6.2167 ][ Brunei Dollar BND 1.6959 ][ Bulgaria Lev BGN 2.2848 ][ Burkina Faso CFA Franc XOF 766.2805 ][ Burundi Franc BIF 3600.6163 ][ Cambodia Riel KHR 5137.2178 ][ Cameroon Republic CFA Franc XAF 766.2805 ][ Canada Dollar CAD 1.7064 ][ Cape Verde Islands Escudo CVE 128.8160 ][ Cayman Islands Dollar KYD 1.0369 ][ Central African Republic CFA Franc XAF 766.2805 ][ Chad CFA Franc XAF 766.2805 ][ Chile Peso CLP 1215.9271 ][ China Yuan CNY 9.0701 ][ Colombia Peso COP 4949.0201 ][ Comoros Franc KMF 574.7104 ][ Congo (Brazaville) CFA Franc XAF 766.2805 ][ Congo (DemRep) Congo Fr CDF 3494.2655 ][ Costa Rica Colon CRC 648.6513 ][ Cote d'Ivoire CFA Franc XOF 766.2805 ][ Cuba Peso CUP 30.2386 ][ Czech Republic Koruna CZK 29.6576 ][ Denmark Krone DKK 8.7079 ][ Djibouti Franc DJF 224.4970 ][ Dominica E Caribbean Dollar XCD 3.4088 ][ Dominican Republic Peso DOP 73.8621 ][ Dubai Dirham AED 4.6327 ][ Egypt Pound EGP 39.0307 ][ El Salvador Colon SVC 11.0377 ][ Equatorial Guinea CFA Franc XAF 766.2805 ][ Eritrea Nakfa ERN 18.9217 ][ Ethiopia Birr ETB 71.4589 ][ Eurozone Euro EUR 1.1682 ][ Fiji Islands Dollar FJD 2.8535 ][ Fr. Polynesia CFP Franc XPF 139.4018 ][ Gabon CFA Franc XAF 766.2805 ][ Gambia Dalasi GMD 85.4233 ][ Georgia Lari GEL 3.3424 ][ Ghana Cedi GHS 15.7833 ][ Grenada E Caribbean Dollar XCD 3.4088 ][ Guatemala Quetzal GTQ 9.8375 ][ Guinea Bissau CFA Franc XOF 766.2805 ][ Guinea Republic Franc GNF 10808.7720 ][ Guyana Dollar GYD 263.4359 ][ Haiti Gourde HTG 167.1876 ][ Honduras Lempira HNL 31.1011 ][ Hong Kong Dollar HKD 9.8667 ][ Hungary Forint HUF 453.1681 ][ Iceland Krona ISK 173.2519 ][ India Rupee INR 104.6369 ][ Indonesia Rupiah IDR 19726.1100 ][ Iraq Dinar IQD 1650.4353 ][ Israel Shekel ILS 4.6410 ][ Jamaica Dollar JMD 197.3766 ][ Japan Yen JPY 189.3119 ][ Jordan Dinar JOD 0.8944 ][ Kazakhstan Tenge KZT 568.3821 ][ Kenya Schilling KES 183.5712 ][ Kuwait Dinar KWD 0.3882 ][ Kyrgyz Republic Som KGS 112.8099 ][ Lao People's Dem Rep Kip LAK 26236.5767 ][ Lebanon Pound LBP 18921.2352 ][ Lesotho Loti LSL 23.8639 ][ Liberia Dollar LRD 241.2722 ][ Libya Dinar LYD 6.1007 ][ Macao Pataca MOP 10.1627 ][ Macedonia Denar MKD 71.9857 ][ Madagascar Malagasy Ariary MGA 5725.0752 ][ Malawi Kwacha MWK 2120.9393 ][ Malaysia Ringgit MYR 6.0475 ][ Maldive Islands Rufiyaa MVR 19.4400 ][ Mali Republic CFA Franc XOF 766.2805 ][ Mauritania Ouguiya MRU 50.0616 ][ Mauritius Rupee MUR 58.0333 ][ Mexico Mexican Peso MXN 21.5151 ][ Moldova Leu MDL 22.5596 ][ Mongolia Tugrik MNT 4293.1324 ][ Montserrat E Caribbean Dollar XCD 3.4088 ][ Morocco Dirham MAD 12.7248 ][ Mozambique Metical MZN 80.5497 ][ Myanmar Kyat MMK 2646.0834 ][ Nepal Rupee NPR 167.4975 ][ New Caledonia CFP Franc XPF 139.4018 ][ New Zealand Dollar NZD 2.0402 ][ Nicaragua Gold Cordoba NIO 46.3527 ][ Niger Republic CFA Franc XOF 766.2805 ][ Nigeria Naira NGN 2011.5792 ][ Norway Norwegian Krone NOK 13.2278 ][ Oman Rial OMR 0.4857 ][ Pakistan Rupee PKR 352.6072 ][ Panama Balboa PAB 1.2614 ][ Papua New Guinea Kina PGK 4.7509 ][ Paraguay Guarani PYG 9201.8160 ][ Peru New Sol PEN 4.7731 ][ Philippines Peso PHP 70.5776 ][ Poland Zloty PLN 5.0385 ][ Qatar Riyal QAR 4.5917 ][ Romania New Leu RON 5.8133 ][ Russia Rouble RUB 116.3131 ][ Rwanda Franc RWF 1605.8100 ][ Saudi Arabia Riyal SAR 4.7304 ][ Senegal CFA Franc XOF 766.2805 ][ Serbia Dinar RSD 136.9006 ][ Seychelles Rupee SCR 17.3801 ][ Sierra Leone Leone SLE 28.7501 ][ Singapore Dollar SGD 1.6959 ][ Soloman Islands Dollar SBD 10.4853 ][ Somali Republic Schilling SOS 720.6312 ][ South Africa Rand ZAR 23.8639 ][ South Korea Won KRW 1683.5372 ][ Sri Lanka Rupee LKR 392.7616 ][ St Christopher & Anguilla E Caribbean Dollar XCD 3.4088 ][ St Lucia E Caribbean Dollar XCD 3.4088 ][ St Vincent E Caribbean Dollar XCD 3.4088 ][ Sudan Republic Pound SDG 757.7077 ][ Surinam Dollar SRD 44.8169 ][ Swaziland Lilangeni SZL 23.8639 ][ Sweden Krona SEK 13.0950 ][ Switzerland Franc CHF 1.1104 ][ Taiwan Dollar TWD 39.7699 ][ Tanzania Schilling TZS 3202.3171 ][ Thailand Baht THB 45.2204 ][ Togo Republic CFA Franc XOF 766.2805 ][ Tonga Islands Pa'anga (AUS) TOP 2.9693 ][ Trinidad/Tobago Dollar TTD 8.5533 ][ Tunisia Dinar TND 3.9410 ][ Turkey Turkish Lira TRY 39.0863 ][ Turkmenistan New Manat TMT 4.4107 ][ UAE Dirham AED 4.6327 ][ USA Dollar USD 1.2614 ][ Uganda Schilling UGX 4904.8204 ][ Ukraine Hryvnia UAH 48.7065 ][ Uruguay Peso UYU 49.3034 ][ Uzbekistan Sum UZS 15728.3897 ][ Vanuatu Vatu VUV 151.4872 ][ Venezuela Bolivar Fuerte VEF 4570650.1346 ][ Vietnam Dong VND 30825.7980 ][ Wallis & Futuna Islands CFP Franc XPF 139.4018 ][ Western Samoa Tala WST 3.4571 ][ Yemen (Rep of) Rial YER 315.7542 ][ Zambia Kwacha ZMW 28.7430 ][ Zimbabwe Dollar ZWL 16576.6675 ][
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Customs Declaration Service (CDS)
HM Revenue and Customs (HMRC) has begun a phased launch of the Customs Declaration Service (CDS) in August 2018. CDS will replace the existing Customs Handling of Import and Export Freight (CHIEF) system, with all declarations taking place on CDS from early 2019.
CHIEF currently processes declarations to facilitate the international movement of goods between the UK and non-EU countries and will continue to run for a time to aid the transition to CDS.
Why CDS is replacing CHIEF
CHIEF is one of the world’s largest and most sophisticated electronic services for managing customs declaration processes, but it’s nearly 25 years old and can’t be easily adapted to new requirements.
The decision to replace CHIEF with CDS was made before the EU referendum, however CDS will be scaled to handle any potential increases in the volume of declarations that may result from the UK’s exit from the EU.
How this will affect importers and exporters
If a trader imports or exports goods outside the EU, they or their agent will be currently using CHIEF to:
• process declarations for goods entering and leaving the UK or EU through ports and airports
• calculate and pay the correct duty and taxes
• complete customs information electronically
They will still be able to do these things on CDS, but there will be differences:CDS will be accessed on GOV.UK using a Government Gateway account – if traders use a customs declaration software package, they will need to follow the instructions and documentation from their supplier CDS will offer several new and existing services in one place - for example, traders will be able to view previous import and export data on pre-defined reports, check the tariff, apply for new authorisations and simplifications, and check their duty deferment statement online help will include self-service tools, guides and checklists
Some additional information will be required for declarations in order to align with the World Customs Organisation Kyoto Convention, currently being implemented in the UK through the Union Customs Code (UCC):
• an audit trail of previous document IDs
• additional party types, such as the buyer and seller
• possible additional commercial references or tracking numbers
• levelling – change between ‘Header’ and ‘Item’ for some data items
To align UK customs data with international standards, there will also be changes to:
• location of goods identification (based on UNLOCODE)
• the warehouse type code list
• item tax lines, including method of payment codes
• unit of quantity codes (ISO)
• the way customs procedures are quoted
• the number of items on a declaration – CDS will allow a maximum of 999 items on a customs declaration instead of the current 99 items