CFP franc

The CFP franc (In French, franc Pacifique or franc CFP, from the former franc des Colonies françaises du Pacifique) is a currency, commonly called the franc, used in the French overseas territories of French Polynesia and Wallis and Futuna and the territorial collectivity of New Caledonia.

It was created in December 1945, together with the CFA franc.

It has the ISO 4217 currency code XPF.

Exchange rate:

• 1945 to 1948 - 1 FCFP = 2.40 FF (FF = French franc)
• 1948 to 1959 - 1 FCFP = 5.50 FF
• 1960 to 1998 - 1 FCFP = 0.055 FF (January 1st, 1960: 100 'old' francs became 1 'new' franc)
• 1999 onward - 1 euro = 6,55957 / 0.055 ~ 119 FCFP (January 1st 1999: Euro replaced FF)

The 1960 and 1999 events are merely changes in the currency in use in France: the relative value of the CFP franc (FCFP) is unchanged since 1948.