The lowdown on the New Caledonian franc
The New Caledonia franc is accepted in the following countries:
- New Caledonia
- French Polynesia
- Wallis and Futuna
Economical Influences on the New Caledonian franc
If you are considering converting AUD to XPF, it’s good to get a snapshot of how the economy may influence the New Caledonian CFP franc.
A relatively small economy, New Caledonia has around 11% of the world’s nickel reserves, making this its main export.1
Almost 15% of New Caledonia’s GDP comes from financial support from France, which is only mitigated slightly by its tourism industry. 1
New Caledonia’s economy is largely affected by fluctuations in the price of nickel, which have been declining since 2016.1
New Caledonian franc Historical Exchange Rate
The CFP franc tends to stay relatively stable due to its fixed exchange rate with the euro. This fixed rate has been 1,000 XPF = 8.38 EUR since 1999.2 Despite this the biggest fluctuations occurred between 2008 and 2012 when on the 24 December 2008, at its strongest, 1 AUD would buy only buy 58.17 CFP francs. In comparison come the 12 August 2012, 1 AUD would get you almost double the amount of CFP francs – 102.69.3
2018 has been a relatively stable year so far for the XPF, with 1 Australian dollar buying around 77.61795 XPF in June; while come 25 October, the AUD is currently buying 74.01254 XPF.3
Exchange rates last updated Friday, 14 August 2020 4:00:04 PM AEST. The online exchange rates provided by this Currency Converter are intended as a guide only and should not be used for transactional purposes. All rates are subject to change from time to time without notice. Exchange rates used in-store may differ from those offered online. The Travelex online buy rate will be used for conversions from a foreign currency to the local currency. The Travelex online sell rate will be used for conversions from the local currency to a foreign currency.
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: Last month
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 3 months
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 6 months
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 12 months
How to see Travelex historical rates
If you would like to see Travelex historical rates, please select one of the currencies
1. Central Intelligence Agency - https://www.cia.gov/library/publications/the-world-factbook/geos/nc.html
2. OANDA - https://www.oanda.com/currency/iso-currency-codes/XPF
3. XE - https://www.xe.com/currencycharts/?from=AUD&to=XPF&view=5Y
*The information contained in this article has been compiled by Travelex from different external sources. The figures provided are indicative only and are there to provide an idea of the amount of travel money you may need during your trip. Travelex does not ensure the accuracy and completeness of the information shown. Nothing in this article is to be considered financial advice. Travelex Limited does not accept any liability for any loss or damage derived from any reliance on the information in this article. Travelex Limited (ABN 36 004 179 953, AFSL Number 222444) arranges for and sells Online Foreign Currency via its Online Ordering Facility. You should consider the Online Foreign Currency Product Disclosure Statement and Terms and Conditions before deciding whether to acquire the product.