Exchange rate fluctuations directly impact cost calculations for businesses engaged in international trade. Many companies find themselves perplexed by the complex methodology behind customs valuation exchange rates. This article provides a comprehensive analysis of the February 2026 customs valuation exchange rate regulations to help businesses maintain financial precision.
Legal Basis for Customs Valuation Exchange Rates
According to Article 16 of the "Regulations of the People's Republic of China on Import and Export Tariff Collection" (Customs Administration Order No. 124), the exchange rate applied by customs authorities each month isn't based on real-time market rates. Instead, it follows a specific temporal benchmark: the benchmark exchange rate published by the People's Bank of China on the third Wednesday of the previous month . Should this date coincide with a public holiday, the reference date shifts to the fourth Wednesday.
For currencies not included in the benchmark rate list, customs authorities utilize the average of the buying and selling spot exchange rates published by the Bank of China at the same reference time. These values are rounded to four decimal places. Importantly, the Customs Administration reserves the right to issue special regulations should exchange rates experience significant volatility, making it crucial for businesses to monitor policy updates.
January 2026 Customs Exchange Rate Analysis
Businesses are advised to review January 2026 customs exchange rates to better understand market trends and facilitate accurate cost forecasting. A thorough understanding of customs valuation methodology enables companies to make informed decisions in international trade operations, potentially enhancing profit margins.