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. CFA Franc

    One of two African regional currencies backed by the French treasury, ...
  2. Paris Pair

    The nickname for the U.S. Dollar/French Franc currency pair prior ...
  3. Certified Financial Planner - CFP

    The CFP legal team has provided its official definition, along ...
  4. USD/CHF (U.S. Dollar/Swiss Franc) ...

    The abbreviation for the U.S. dollar and Swiss franc (USD/CHF) ...
  5. GNF - Guinea Franc

    The currency abbreviation for the Guinea franc, the national ...
  6. CHF (Swiss Franc)

    The currency abbreviation for the Swiss franc (CHF), the currency ...
Related Articles
  1. Economics

    Is France The Euro Nation To Worry About?

    France may well be the hill on which the euro crisis rallies or on which it dies.
  2. Investing Basics

    Hiring a Financial Advisor? Look for the CFP Label

    Don’t skimp on the CFP designation. Here's why those three letters show that someone is qualified in financial and investment planning.
  3. Mutual Funds & ETFs

    How To Invest In The Swiss Franc

    The Swiss franc is one of the safe havens of the investing world. Learn how invest through ETFs, forex, futures, and binary options.
  4. Economics

    3 Economic Challenges France Faces in 2016

    Learn about the three most significant economic challenges facing France in 2016. How will France implement reforms to improve its GDP and reduce unemployment?
  5. Financial Advisors

    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.
  6. Professionals

    The Basics Of CFP Designation Maintenance

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

    Is Retiring in France Safe Today?

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

    Is The Swiss Franc A Good Investment?

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

    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

    Protests in France Lead to Major Disruptions

    A controversial labor reform bill has sparked massive protests in France causing disruptions to transportation, energy production and fuel shortages.
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. What burst the Mississippi bubble?

    In 1715, France was essentially insolvent as a nation. Even though taxes were raised to extremely high levels, the hole that ... Read Answer >>
  3. How do retirees find a financial advisor or CFP that they can trust?

  4. What's the difference between a financial advisor and a financial planner?

    Seeking professional advice from a financial advisor may involve asking for financial help from a certified financial planner, ... Read Answer >>
  5. If I receive a life insurance payment and then I give some of that money to other ...

  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. Labor Market

    The labor market refers to the supply and demand for labor, in which employees provide the supply and employers the demand. ...
  2. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  3. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  4. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  5. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  6. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
Trading Center