Bora Bora French Polynesia is a popular tourist destination, and understanding the local currency is essential for a smooth trip. The official currency of French Polynesia is the Pacific Franc, also known as the XPF.
You'll find that many businesses in Bora Bora, including hotels and restaurants, accept credit cards and US dollars. However, it's always a good idea to have some local currency on hand, especially for smaller purchases and when traveling to more remote areas.
The exchange rate between the Pacific Franc and the US dollar is relatively stable, but it's still a good idea to check the current rate before your trip. This will help you plan your expenses and avoid any unexpected costs.
For another approach, see: Functional Currency vs Local Currency
Exchange Rates
The Pacific Franc is the local currency in French Polynesia, and it's interesting to see how it's valued against other currencies. The exchange rate with the Euro is fixed, with 1 Euro equaling 119.33 Pacific Francs.
You can also convert Pacific Francs to US Dollars, with the exchange rate fluctuating over time. As of January 7th, 2020, 1 US Dollar was equivalent to 107.45 Pacific Francs.
The exchange rate between the US Dollar and Pacific Franc has been relatively stable in recent months, with a 30-day average of 101.7672 and a 90-day average of 102.2756. This means that the value of the Pacific Franc against the US Dollar has remained relatively consistent.
If you're traveling to French Polynesia, it's a good idea to know the current exchange rate to avoid any unexpected costs. You can use online tools to check the current rate and even set up alerts to notify you when it gets better.
Here's a quick rundown of the exchange rates mentioned:
Keep in mind that exchange rates can fluctuate over time, so it's always a good idea to check the current rate before making any transactions.
Conversion Rates
The exchange rate in French Polynesia is fixed when converting Pacific francs into euros, with 1 € equaling 119.33 CFP.
Converting Pacific francs into US dollars can be a bit more complex, but as of January 7th, 2020, the exchange rate was 1 USD = 107.45 CFP.
You can also expect a relatively stable exchange rate when converting USD to XPF, with a 30 day average of 101.7672 and a 90 day average of 102.2756.
The exchange rate for USD to XPF has remained relatively stable, with a 30 day low of 100.6550 and a 90 day low of 100.6550.
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Frequently Asked Questions
Can I use American dollars in Bora Bora?
While some shops and hotels on Bora Bora accept US dollars, it's still a good idea to exchange or withdraw local currency (XPF) before departing the island. Using XPF is generally preferred for everyday transactions in French Polynesia.
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