CFP Franc - XPF

DEFINITION of 'CFP Franc - XPF'

The currency of four French overseas collectivities that include French Polynesia, New Caledonia, Wallis and Futuna. The CFP franc is issued by the Paris-based Institut d'émission d'Outre-Mer (IEOM), and can also be referred to as the franc pacifique since it is used in the Pacific Ocean region. The franc is broken into subunits called centimes.


CFP stands for Comptoirs Français du Pacifique ("French Pacific Banking Agreement").

BREAKING DOWN 'CFP Franc - XPF'

Along with the CFA franc, the CFP franc was introduced following the second world war as a means of combating the weak French franc and the possibility of currency devaluation once the franc was pegged to the dollar. After France changed its currency to the euro, the CFP franc became pegged to the euro. It's normally called the franc in everyday use.

RELATED TERMS
  1. French Franc - F

    A currency used in France, prior to the introduction of the euro. ...
  2. Certified Financial Planner - CFP

    The CFP legal team has provided its official definition, along ...
  3. ADF (Andorran Franc)

    The currency abbreviation or currency symbol for the Andorran ...
  4. CAC 40

    The French stock market index that tracks the 40 largest French ...
  5. Mississippi Company

    An example of a famous speculative bubble that occurred from ...
  6. Rwanda Franc

    The currency of Rwanda, abbreviated as RWF. The Rwandan franc ...
Related Articles
  1. Trading

    Why The Swiss Franc Is So Strong

    We look at the recent and historic strength of the Swiss franc, as well as recent actions by the Swiss National Bank.
  2. Trading

    Buying Swiss Francs as a Long-Term Investment: Risks & Rewards

    Learn about the risks and rewards of investing long term in Swiss francs and the history of the Swiss franc's exchange rate against the dollar.
  3. Financial Advisor

    The CFP Board: Its Role and Mission

    The Certified Financial Planner Board of Standards promotes standards and ethics in financial planning and enforces CFP certification requirements.
  4. Retirement

    How Advisors Can Fill The Talent Gap

    Financial planning firms are seeing increased demand for their services just as a talent shortfall becomes more pronounced. Here's what can be done.
  5. Financial Advisor

    The Basics Of CFP Designation Maintenance

    The workload doesn't end with your exam. Find out how to keep up your CFP credential.
  6. Retirement

    Great (Affordable) Places For Retiring In France

    If that's always been your dream, there actually are affordable ways to retire in France. Some regions to explore and some cautions to keep in mind.
  7. Retirement

    Is Retiring in France Safe Today?

    After a series of deadly terrorist incidents, some may be asking themselves this question.
  8. Trading

    Is The Swiss Franc A Good Investment?

    Individual investors, businesses, financial institutes and even countries have been keeping their money in Swiss francs.
  9. Professionals

    How Much Does It Cost to Study Abroad in France?

    Study abroad can deliver a big return on your investment. Here are some costs to consider if you're thinking of studying in France.
  10. Markets

    France Economics: 4 Troubling Similarities to Greece

    Learn about the similarities and differences between the economic woes of France and Greece, and get some statistics and analyses.
RELATED FAQS
  1. Is France a developed country?

    Discover what qualifies France as a developed country and how its diverse economy has helped it become one of the largest ... Read Answer >>
  2. How do retirees find a financial advisor or CFP that they can trust?

  3. What are the differences between a Chartered Financial Analyst (CFA) and a Certified ...

  4. If I receive a life insurance payment and then I give some of that money to other ...

  5. Do you include a qualified domestic relations order on your taxes?

    I received money from a qualified domestic relations order, and federal income tax was withheld. Do I have to claim this ... Read Answer >>
  6. I hold a professional degree. Am I eligible to sit for the Certified Financial Planner ...

    According to the CFP board, if you hold one or more of the following, you are eligible to challenge the CFP(R) certification ... Read Answer >>
Hot Definitions
  1. Glass-Steagall Act

    An act the U.S. Congress passed in 1933 as the Banking Act, which prohibited commercial banks from participating in the investment ...
  2. Quantitative Trading

    Trading strategies based on quantitative analysis which rely on mathematical computations and number crunching to identify ...
  3. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  4. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  5. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  6. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
Trading Center