New Caledonia Currency and Foreign Exchange Guide
In this guide we looks at :
- The CFP Franc - New Caledonia's currency
- Buying Travel Money for New Caledonia
- Sending Money to New Caledonia - Save on CFP Franc bank transfers
- CFP Franc Exchange Rates - Latest info & charts.
CFP Franc (XPF) - General info
The CFP franc is also referred to as the franc pacifique since it is used in the Pacific Ocean region. The initials CFP originally stood for Colonies Françaises du Pacifique (“French colonies of the Pacific”).
New Caledonia is a lovely, exotic but expensive destination. One of the reasons prices are so high is that the French public servants posted to New Caledonia are paid significantly more than if they were back in France. When a public worker works here he gets his salary multiplied by 1.73.
The country has been urged to trade more with it's local neighbours in the Pacific such as Australia and New Zealand rather than primarily with the mother country France to lower transport and freight costs
Buying Travel Money for New Caledonia
Once your are in the country you can withdraw some cash from the local Bank (BNC or BCI branch) ATMs on your arrival at the airport (if you have an ATM card) or go to the BCI foreign exchange office near the Cruise Ship Terminal if you’re a cruise ship passenger.
You’ll need proof of identity if you get your CFP francs from the foreign exchange office. Commission charges depend on banks.
Most banks in Nouméa have foreign exchange counters in their downtown branches, open Monday to Friday from 7.30 a.m. to 3.45 p.m., except on bank holidays. Some branches also provide exchange services in the Bush.
Order before you go for better rates
Save money and time by Ordering your CFP Franc Online from Travelex, you get better rates and can pick up the XPF cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in CFP Franc otherwise you may get much worst exchange rates.
The import and export restrictions of local XPF and foreign currency is the same as that of France – EUR 10,000 or more must be declared.
Payment by card
Visa and Mastercard cards are widely accepted in shops and stores. However, you should make sure you have a stock of cash if you’re travelling in the Bush (outside Greater Noumea) or in the islands (Loyalty Islands, Isle of Pines).
American Express cards are fairly widely accepted in New Caledonia but you won’t be able to use your Amex card to withdraw cash from an ATM.
Consider taking a pre-paid travel card which you can also use for other countries on your trip.
CFP Franc - Latest Rate Info
Sending Money to New Caledonia
When sending money to New Caledonia it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 3 simple steps :
- Open an account with a provider (id docs may be required)
- You specify the local or CFP Franc amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted XPF amount will be transfered to the recipient account you specify in New Caledonia.
You can save around 5% and maybe more - end result is more CFP Franc deposited into the recipient bank account in New Caledonia and less margins and fees kept by the banks!Compare Transfer Exchange Rates to New Caledonia