Banks and currency in Tahiti :
In French Polynesia, we use Pacific francs (XPF). Created in 1945, right after the Bretton Woods Conference, the currency is divided into bills of 10 000, 5 000, 1 000 and 500 and pieces of 100, 50, 20, 10, 5, 2 and 1xpf.
If nowadays, everyone is familiar with the currency, there used to be quite a few different ones within the territory.
In the 1890s, we mainly used French francs and then, when the Bank of Indochina undertook to open a bank branch in Papeete in 1905, we started using piasters.
Due to its insularity, Polynesia progressively opened up to international trade, which is why so many currencies were put into circulation, like the Chilean peso.
Exchange rate in French Polynesia
Converting pacific francs into euros:
Surprisingly, the exchange rate is fixed in this case, it is established as follows:
1 € = 119,33 CFP et 1 000 CFP = 8,38 €.
Converting pacific francs into Australian dollars:
On January 7th, 2020, the exchange rate was the following:
1 AUD = 74,05 CFP and 1 000 CFP = 13,51 AUD