HMRC EXCHANGE RATES JULY 2022 (E&OE) Abu Dhabi Dirham AED 4.5212 Albania Lek ALL 138.8954 }{ Algeria Dinar DZD 179.3711 }{ Angola Readj Kwanza AOA 525.5967 }{ Antigua E Caribbean Dollar XCD 3.3234 }{ Argentina Peso ARS 152.4655 }{ Armenia Dram AMD 507.8963 }{ Aruba Florin AWG 2.2033 }{ Australia Dollar AUD 1.7728 }{ Azerbaijan New Manat AZN 2.0913 }{ Bahamas Dollar BSD 1.2309 }{ Bahrain Dinar BHD 0.4641 }{ Bangladesh Taka BDT 114.3942 }{ Barbados Dollar BBD 2.4618 }{ Belarus Rouble BYN 4.1605 }{ Belize Dollar BZD 2.4618 }{ Benin CFA Franc XOF 761.9697 }{ Bermuda Dollar (US) BMD 1.2309 }{ Bhutan Ngultrum BTN 96.4753 }{ Bolivia Boliviano BOB 8.5056 }{ Bosnia- Herzegovinia Marka BAM 2.2719 }{ Botswana Pula BWP 15.0019 }{ Brazil Real BRL 6.3263 }{ Brunei Dollar BND 1.7071 }{ Bulgaria Lev BGN 2.2719 }{ Burkina Faso CFA Franc XOF 761.9697 }{ Burundi Franc BIF 2511.048 }{ Cambodia Riel KHR 5003.6312 }{ Cameroon Republic CFA Franc XAF 761.9697 }{ Canada Dollar CAD 1.5927 }{ Cape Verde Islands Escudo CVE 128.9989 }{ Cayman Islands Dollar KYD 1.0093 }{ Central African Republic CFA Franc XAF 761.9697 }{ Chad CFA Franc XAF 761.9697 }{ Chile Peso CLP 1091.444 }{ China Yuan CNY 8.2677 }{ Colombia Peso COP 4962.9934 }{ Comoros Franc KMF 571.4772 }{ Congo (Brazaville) CFA Franc XAF 761.9697 }{ Congo (DemRep) Congo Fr CDF 2467.9658 }{ Costa Rica Colon CRC 852.8761 }{ Cote d'Ivoire CFA Franc XOF 761.9697 }{ Croatia Kuna HRK 8.7347 }{ Cuba Peso CUP 1.2309 }{ Czech Republic Koruna CZK 28.7232 }{ Denmark Krone DKK 8.6402 }{ Djibouti Franc DJF 219.7782 }{ Dominica E Caribbean Dollar XCD 3.3234 }{ Dominican Republic Peso DOP 67.269 }{ Dubai Dirham AED 4.5212 }{ Ecuador Dollar ECS 1.2309 }{ Egypt Pound EGP 23.0657 }{ El Salvador Colon SVC 10.7684 }{ Equatorial Guinea CFA Franc XAF 761.9697 }{ Eritrea Nakfa ERN 18.4636 }{ Ethiopia Birr ETB 64.1258 }{ Eurozone Euro EUR 1.1616 }{ Fiji Islands Dollar FJD 2.6935 }{ Fr. Polynesia CFP Franc XPF 138.6175 }{ Gabon CFA Franc XAF 761.9697 }{ Gambia Dalasi GMD 66.7459 }{ Georgia Lari GEL 3.5819 }{ Ghana Cedi GHS 9.8165 }{ Grenada E Caribbean Dollar XCD 3.3234 }{ Guatemala Quetzal GTQ 9.5364 }{ Guinea Bissau CFA Franc XOF 761.9697 }{ Guinea Republic Franc GNF 10831.9712 }{ Guyana Dollar GYD 257.4818 }{ Haiti Gourde HTG 138.6994 }{ Honduras Lempira HNL 30.2447 }{ Hong Kong Dollar HKD 9.6626 }{ Hungary Forint HUF 460.1158 }{ Iceland Krona ISK 161.5748 }{ India Rupee INR 96.4753 }{ Indonesia Rupiah IDR 18300.5053 }{ Iraq Dinar IQD 1797.1221 }{ Israel Shekel ILS 4.2309 }{ Jamaica Dollar JMD 186.3678 }{ Japan Yen JPY 167.2185 }{ Jordan Dinar JOD 0.8727 }{ Kazakhstan Tenge KZT 560.8745 }{ Kenya Schilling KES 144.7545 }{ Kuwait Dinar KWD 0.3775 }{ Kyrgyz Republic Som KGS 97.857 }{ Lao People's Dem Rep Kip LAK 18577.4424 }{ Lebanon Pound LBP 1860.5385 }{ Lesotho Loti LSL 19.5483 }{ Liberia Dollar (US) LRD 1.2309 }{ Libya Dinar LYD 5.9391 }{ Macao Pataca MOP 9.9525 }{ Macedonia Denar MKD 71.5218 }{ Madagascar Malagasy Ariary MGA 4998.9252 }{ Malawi Kwacha MWK 1257.5486 }{ Malaysia Ringgit MYR 5.4221 }{ Maldive Islands Rufiyaa MVR 18.9559 }{ Mali Republic CFA Franc XOF 761.9697 }{ Mauritania Ouguiya MRU 43.9802 }{ Mauritius Rupee MUR 54.7138 }{ Mexico Mexican Peso MXN 24.6661 }{ Moldova Leu MDL 23.6094 }{ Mongolia Tugrik MNT 3856.4283 }{ Montserrat E Caribbean Dollar XCD 3.3234 }{ Morocco Dirham MAD 12.3207 }{ Mozambique Metical MZN 78.6364 }{ Myanmar Kyat MMK 2278.6752 }{ Nepal Rupee NPR 154.3605 }{ New Caledonia CFP Franc XPF 138.6175 }{ New Zealand Dollar NZD 1.9527 }{ Nicaragua Gold Cordoba NIO 44.1341 }{ Niger Republic CFA Franc XOF 761.9697 }{ Nigeria Naira NGN 510.8258 }{ Norway Norwegian Krone NOK 12.1736 }{ Oman Rial OMR 0.474 }{ Pakistan Rupee PKR 260.4904 }{ Panama Balboa PAB 1.2309 }{ Papua New Guinea Kina PGK 4.3124 }{ Paraguay Guarani PYG 8478.255 }{ Peru New Sol PEN 4.5932 }{ Philippines Peso PHP 67.0844 }{ Poland Zloty PLN 5.4549 }{ Qatar Riyal QAR 4.4827 }{ Romania New Leu RON 5.7459 }{ Russia Rouble RUB 66.0996 }{ Rwanda Franc RWF 1261.6783 }{ Saotome & Principe Dobra STD 28741.6 }{ Saudi Arabia Riyal SAR 4.6186 }{ Senegal CFA Franc XOF 761.9697 }{ Serbia Dinar RSD 136.4028 }{ Seychelles Rupee SCR 17.387 }{ Sierra Leone Leone SLL 16186.4157 }{ Singapore Dollar SGD 1.7071 }{ Soloman Islands Dollar SBD 10.0318 }{ Somali Republic Schilling SOS 718.2334 }{ South Africa Rand ZAR 19.5483 }{ South Korea Won KRW 1597.1002 }{ Sri Lanka Rupee LKR 443.126 }{ St Christopher & Anguilla E Caribbean Dollar XCD 3.3234 }{ St Lucia E Caribbean Dollar XCD 3.3234 }{ St Vincent E Caribbean Dollar XCD 3.3234 }{ Sudan Republic Pound SDG 561.9084 }{ Surinam Dollar SRD 26.9981 }{ Swaziland Lilangeni SZL 19.5483 }{ Sweden Krona SEK 12.3782 }{ Switzerland Franc CHF 1.1806 }{ Taiwan Dollar TWD 36.6705 }{ Tanzania Schilling TZS 2872.9341 }{ Thailand Baht THB 43.6541 }{ Togo Republic CFA Franc XOF 761.9697 }{ Tonga Islands Pa'anga (AUS) TOP 1.7728 }{ Trinidad/Tobago Dollar TTD 8.314 }{ Tunisia Dinar TND 3.7918 }{ Turkey Turkish Lira TRY 21.3501 }{ Turkmenistan New Manat TMT 4.3082 }{ UAE Dirham AED 4.5212 }{ Uganda Schilling UGX 4609.7416 }{ Ukraine Hryvnia UAH 36.1917 }{ Uruguay Peso UYU 48.9716 }{ USA Dollar USD 1.2309 }{ Uzbekistan Sum UZS 13351.7409 }{ Vanuatu Vatu VUV 144.3668 }{ Venezuela Bolivar Fuerte VEF 304687.94 }{ Vietnam Dong VND 28603.219 }{ Wallis & Futuna Islands CFP Franc XPF 138.6175 }{ Western Samoa Tala WST 3.2859 }{ Yemen (Rep of) Rial YER 308.0341 }{ Zambia Kwacha ZMW 20.9462 }{ Zimbabwe Dollar ZWL 445.4647 }{

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CUSTOMS DECLARATION SERVICE

what you need to know and why it is important

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CUSTOMS FREIGHT SIMPLIFIED PROCEEDURE


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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                                                                                                                                                                

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