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CFP franc Exchange Update, Chart & History

XPF Markets Update - Our review of CFP franc Forecasts and News plus Charts and Historic Rates. Check XPF Trends over various time periods.

 

CFP franc (XPF) Market Update

According to recent exchange rate forecasts and market updates, the US dollar (USD) has been experiencing upward momentum against the CFP franc (XPF), with the USD to XPF exchange rate currently sitting slightly above its 3-month average at 110.2. Despite the stability in the exchange rate, FX analysts are closely monitoring the impact of the strengthening USD on the XPF due to its fixed peg to the Euro. The recent surge in the US dollar can be attributed to investors revising down their expectations for Federal Reserve interest rate cuts following a robust January jobs report that exceeded expectations and delayed potential rate cuts. Additionally, remarks by Fed Chairman Jerome Powell hinting at a possible rate cut in June have further influenced market sentiment regarding the USD to XPF exchange rate.

Given the strong performance of the US economy and the likelihood of a delayed rate reduction, analysts anticipate the US dollar to maintain its strength against the CFP franc in the near term. With market focus shifting to key upcoming US economic data releases such as the Consumer Price Index (CPI) and Retail Sales figures, any surprises in these reports could impact the timing of the anticipated June rate cut. The heightened uncertainty surrounding the Fed's interest rate decision in March, as highlighted by Powell's forthcoming statements and the accompanying press conference, is expected to dominate market conversations and potentially influence the USD to XPF exchange rate in the coming weeks.

 

US dollar to CFP franc - USD/XPF Trend

 
USD to XPF at 110.3 is just above its 3-month average, having traded in a very stable 3.7% range from 107.4 to 111.4
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1 USD =
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Compare & Save on Exchange Rates

Exchange rates can vary significantly between banks and currency exchange providers, so it's important to compare rates from different sources before making a conversion.

The below table makes it easy to calculate and compare the Total Cost you are being charged on currency rates and the possible savings of using a foreign exchange provider rather than your bank.

 

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