Currency Exchange Rates


The following list provides rates on goods commonly imported as accompanied baggage.

Note: Revenue Replacement Duty (RRD) is calculated as follow: Computed value based on (cost, insurance and freight or shipping (CIF value) + Import Duty) * RRD rate.

General Sales Tax is calculated as follow:
((CIF + Import Duty (ID) + RRD (where applicable))+ Environmental Tax) * 12.5%

Environmental Tax is calculated as 3% of the CIF value

 

RATE OF EXCHANGE TO BE USED TO CONVERT FOREIGN CURRENCY TO BELIZE DOLLAR

The rates listed below must be applied (multiplied) to the foreign currency stated on the invoice receipt, transport document and other proof of purchase documents in order to arrive at the customs value in Belize Currency.

NOTICE

In accordance with the provisions of Section 5 (3) of the Customs & Excise Duties Ordinance (Chapter 48), it is hereby notified for general information that the rates of exchange to be used in determining the equivalent in Belize Dollars of foreign currency shall be as follows, for all customs purposes:

Currency Equivalent in Belize Dollar
United States of America (Dollar) 2.0175
Canada (Dollar) 1.5479
United Kingdom ( Pound Sterling) 2.6238
East Caribbean (Dollar) 0.7472
Barbados (Dollar) 1.0088
Guyana (Dollar) 0.0097
European CY Unit
(Belgium, France, Germany West, Holland, Italy, Spain, Finland)
2.3401
Trinidad & Tobago (Dollar) 0.3450
Mexico (Peso) 0.1057
Guatemala (Quetzal) 0.2636
Denmark (Kroner) 0.3141
Hong Kong (Dollar) 0.2570
Japan (Yen) 0.0181
New Taiwan (Dollar) 0.0599
Swiss (Franc) 2.0765
Sweden (Kroner) 0.2238

 

The above rates are effective from 10:00 a.m. on the 17th Sept, 2018 until varied by a similar publication.