Why is XPF so popular?
The Pacific franc, commonly known as XPF, is the currency used in several French overseas territories and French overseas communities. XPF is also used by countries in the Western Pacific and South West Africa. Many people tend to change the usage of XPF depending on the price movement. The advantages of XPF are numerous: it is easily convertible into euros, it does not change very often and it brings a certain stability to the economies of the countries that use it.
The coins in francs that have value are those dating from 1920 or before.
The most valuable franc coins date from the 1920s or earlier. Before this date, the franc was a strong and stable currency, and the advantages it offered were numerous. French regions and communities have benefited from good rates and extensive exchange networks, particularly in West Africa. Many countries have changed their economic policy to align with that of France, which has allowed this country to play a leading role in the region. The value of the franc was often changed by the French authorities, but it remained stable.
Discover the currency of Wallis and Futuna!
The Pacific Financial Community franc is the official currency of Wallis and Futuna, as well as several other French overseas territories. It is divided into 100 cents. The Pacific franc is part of the CFP franc, which is used by nine other French overseas countries in the Pacific. The advantages of the CFP franc are that the exchange rates are stable and that the central banks of the member countries intervene to maintain the CFP franc at an adequate level against the euro. The CFP franc is also a convenient means of payment in the region, as it is accepted in the member states of the CFP franc and in many neighboring countries in the Pacific. The CFP franc is sometimes referred to as the “Polynesian franc”, because French Polynesia accounts for the majority of the members’ population and territory. However, this term is incorrect, as some member states of the CFP franc are not in Polynesia. The CFP franc is issued by the Bank of French Polynesia, based in Tahiti. The CFP franc was created in 1963 to replace the French franc in French overseas territories in the Pacific. CFP franc exchange rates are generally stable, as the central banks of CFP franc member countries intervene to keep the price of the CFP franc at an appropriate level against the euro. The CFP franc is accepted in the member states of the CFP franc and in many Pacific neighboring countries.