In the event that any type of rate uniformly applicable to payment of such dutiable costs, charges, or expenses for merchandise of the class involved was a type of rate not certified in accordance with § 159.34 or § 159.35, the Center director shall immediately submit a detailed report to the Commissioner of Customs, and shall suspend appraisement and liquidation as to all merchandise of the class involved exported to the United States during the period involved, until instructions are received from the Commissioner. Averages are based on daily noon buying rates for cable transfers in New York City certified for customs purposes by the Federal Reserve Bank of New York. Foreign Exchange Rate US Dollar (USD), 55.2500, 55.2500 Euro (EU), 59.0700, 60.4800 British Pound (GBP), 66.1900, 68.6000 Swiss Franc (CHF), 60.3500. If the costs, charges or expenses are dutiable, they shall be calculated according to the rules set forth in this subpart. Foreign Exchange Rates - G.5 Monthly The table below shows the average rates of exchange in FEBRUARY 2023 together with comparable figures for other months. In deducting nondutiable costs, charges, or expenses, the foreign exchange shall be at the rate or rates actually used in payment of such costs, charges, or expenses, whether or not certified in accordance with § 159.34 or § 159.35. The foreign exchange market (forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. If the Center director has credible information that a type of rate or combination of types of rates not applicable to payment for the merchandise was required or permitted in payment of costs, charges, or expenses, the currency conversions for the exchange covering payment for the merchandise and for the exchange covering such costs, charges, or expenses shall be calculated separately. Send and receive money with best forex rates. (d ) Rate for merchandise different from rate for costs. Get the best currency exchange rates for international money transfers to 200 countries in 100 foreign currencies.
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