A practical foreign exchange and currency guide to New Caledonia
What's in this New Caledonia currency guide:
The official currency of New Caledonia is the CFP franc, with symbol F and currency code XPF.
16 Sep 2022
02 Jul 2022
30 Sep 2021
01 Oct 2017
02 Oct 2012
05 Oct 2002
The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make a Transfer or Spend CFP franc.
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”).
As with the old French franc the CFP franc is broken into subunits called centimes. The CFP Franc is currently fixed to the Euro at a rate of approximately 1 Euro = 119 XPF.
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 its 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