Skip to content

The Bora Bora Island Currency: A Helpful Guide

December 30, 2024
bora bora island currency

When I was planning my trip to Bora Bora, I knew I had to learn about the local currency. The Pacific Franc (XPF) is the official currency, with an exchange rate of about 1 USD to 101.40 CFP1. To make the most of my trip, I looked into the bora bora island currency and its relation to the US dollar and euro. You can find more information on bora bora money online. Knowing about the currency in bora bora is key for any traveler.

Key Takeaways

  • French Polynesia, including Bora Bora, uses the Pacific Franc (XPF) as its official currency1.
  • The exchange rate is approximately 1 USD to 101.40 CFP (French Pacific Franc)1.
  • It is advised to have local currency (CFP) for small purchases in French Polynesia1.
  • Visitors to French Polynesia can bring up to 1,200,000 French Pacific francs (XPF) or €10,000 without declaring it2.
  • Budget travelers in French Polynesia may spend around 8,000 XPF per day2.
  • Major credit and debit cards are widely accepted in hotels, shops, and restaurants in French Polynesia2.

Understanding the Bora Bora Island Currency System

Before you go to Bora Bora, it’s key to know about the local money. The island uses the bora bora franc, also called the French Pacific Franc (CFP). This makes exchanging money easy3.

The CFP franc breaks down into 100 centimes, but you don’t see small amounts often3. You’ll find banknotes in 500, 1,000, 5,000, and 10,000 francs. Coins range from 1 to 100 francs4.

Knowing the bora bora currency symbol is also important. The symbol “₣” stands for franc, and the code is XPF5. This helps you spot prices and plan your budget better.

Here’s a quick guide to Bora Bora’s currency:

Denomination Type
500 XPF Banknote
1,000 XPF Banknote
5,000 XPF Banknote
10,000 XPF Banknote
1 XPF Coin
2 XPF Coin
5 XPF Coin
10 XPF Coin
20 XPF Coin
50 XPF Coin
100 XPF Coin

What is the CFP Franc?

The CFP franc is the official money of French Polynesia, including Bora Bora. It keeps the economy stable for everyone3.

The History of French Polynesian Money

Introduced in 1945, the CFP franc is tied to the euro. This keeps bora bora currency exchange rates steady4.

Currency Symbols and Codes Explained

The symbol “₣” and code XPF are used in prices and money deals on the island5.

Current Exchange Rates and Money Value

bora bora local currency

Understanding your finances in Bora Bora begins with knowing the bora bora currency code. It’s important to see how it compares to major currencies. Right now, 1 CFP Franc is about 0.0087 USD6.

Using a bora bora currency converter shows a steady exchange rate. For example, 1 USD is worth 107.45 CFP6. This makes it easier for Americans to plan their budgets.

The euro and CFP Franc have a fixed exchange rate. 1€ is equal to 119.332 CFP7. This is good news for visitors from Eurozone countries.

For the most accurate conversions, I suggest the Currency Converter app. It tracks exchange rates in real-time8. This keeps your bora bora local currency information up to date.

Knowing these rates helps you figure out your home currency’s value in Bora Bora. It makes managing your expenses during your visit easier.

How to Exchange Money in Bora Bora

Exchanging money in Bora Bora needs some planning to get the best rates for your bora bora money. US dollars are widely accepted, but local currency makes small purchases easier.

Best Places for Currency Exchange

The bora bora currency exchange can be done at several places. Resorts often have exchange services for guests9. Banks like Banque Socredo and Banque de Tahiti offer fixed rates5.

ATMs are found at Tahiti airport and in Vaitape, but they might run out of cash9.

Exchange Fees and Considerations

Watch out for exchange fees when converting your money. Resorts and hotels might charge a fixed fee, like 850 XPF for up to $5009. Banks might offer better rates with lower fees.

Using ATMs can add extra charges, so plan your withdrawals to save money9.

Common Exchange Rate Mistakes to Avoid

Don’t rely only on US dollars for small transactions. This can lead to bad rates and higher fees9. Also, avoid unofficial sites to avoid scams with poor rates5.

Always check the current exchange rate before you exchange money. This ensures you get a fair deal9.

Exchange Location Fee Notes
Resorts 850 XPF for up to $500 Convenient but rates may vary
Banks (e.g., Banque Socredo) Lower fees Reliable rates, limited hours5
ATMs Variable Available at Tahiti airport and Vaitape9

Payment Methods Accepted Across the Island

bora bora payment methods

Handling your bora bora island currency right makes your trip smooth. Most places take Visa, Mastercard, and American Express9. But, it’s smart to carry some bora bora money for small buys and local markets9.

Credit Card Usage and Restrictions

Big businesses usually take major credit cards. But, some small shops might want cash. Always check if there are any card use limits to avoid trouble9. Also, watch out for foreign transaction fees from your bank7.

Cash vs. Digital Payments

Digital payments are easy, but cash is handy where cards aren’t accepted. ATMs are found in tourist spots, but expect high fees10. Mixing cash and cards helps you budget better on the island.

Resort Payment Policies

Resorts often take both cards and cash. Always ask about payment options when you book9. Some fancy places might ask for a deposit or card pre-authorization9.

Smart Money Management Tips for Your Bora Bora Vacation

Managing your money well can make your Bora Bora trip better. First, make a budget for things like where you’ll stay, eat, and what to do. Using a bora bora currency converter makes tracking your spending easy.

  • Use a reliable bora bora currency converter app to stay updated on exchange rates.
  • Understand the bora bora currency code to avoid confusion when exchanging money.
  • Allocate funds wisely between cash and credit cards to minimize fees and maximize security.
  • Be aware that tipping is not expected, but rewarding good service is appreciated.

Traveling in the low season, like November to April, can save you money and avoid crowds11. Book your stay early to get the best prices11. Choose simple rooms or resorts to save money without losing out on fun11. Renting a bike, which costs $10 to $15 a day, is cheaper than taxis and car rentals12.

Expense Average Cost Tips
Accommodation $30 – $150 per night Book in advance, choose economy options12
Flights From $300 one-way Use island hopping pass for discounts12
Transportation $10 – $15 per day Rent a bicycle or scooter12
Transfers ~$250 for two Pre-book boat transfers

Conclusion: Making the Most of Your Money in Paradise

Managing your money in Bora Bora makes your trip better. Knowing the local currency, the CFP Franc, helps with spending. It makes handling money easier.

When you plan your money exchange, remember the island’s high prices. Resorts charge extra for meals, spa treatments, and trips13. Booking meals early can save you a lot of money.

Choosing where to stay also affects your budget. A garden bungalow is cheaper than an overwater one but is just as comfy13. Activities like snorkeling and cultural workshops in packages can add value without extra cost.

Services like Thomas Cook Discount Code help with exchanging money in Bora Bora14. Using special offers and promo codes can also stretch your budget.

Stay informed about Bora Bora’s currency and manage your money wisely. This way, you can enjoy the island’s beauty and luxury without worrying about money.

FAQ

What is the local currency used in Bora Bora?

In Bora Bora, the local currency is the CFP Franc (XPF). It’s used across French Polynesia, including Bora Bora. Knowing this is key for managing your money while you’re there.

How do I exchange money in Bora Bora?

You can exchange money at local banks, hotels, and ATMs around the island. It’s smart to compare rates and fees to get the best deal for your Bora Bora money. Some places might offer currency exchange, but watch out for hidden fees.

What is the currency symbol for the CFP Franc used in Bora Bora?

The symbol for the CFP Franc is €, like the Euro. But, it’s often shown as “XPF” to avoid confusion with the Euro, in Bora Bora.

What is the currency code for Bora Bora’s local currency?

The code for Bora Bora’s currency is XPF, for the CFP Franc. This code is used worldwide to identify the currency in financial dealings.

Can I use US dollars or Euros directly in Bora Bora?

Some high-end places in Bora Bora might take US dollars and Euros. But, the main currency is the CFP Franc (XPF). It’s wise to have local currency for everyday purchases to avoid bad exchange rates.

Where can I find a reliable Bora Bora currency converter?

You can find trustworthy Bora Bora currency converters online. They’re on financial websites and mobile apps. These tools help you convert your money to CFP Francs, making budgeting easier for your trip.

Are credit cards widely accepted in Bora Bora?

Yes, credit cards are widely accepted in Bora Bora, in hotels, resorts, and big restaurants. But, it’s smart to carry some Bora Bora money for small vendors, markets, and remote spots where cash is key.

Is there a fixed exchange rate between the CFP Franc and the Euro?

Yes, the CFP Franc (XPF) and the Euro have a fixed exchange rate. The French government sets this rate. It helps travelers from the Eurozone manage their money in Bora Bora.

What are common mistakes to avoid when exchanging currency in Bora Bora?

Avoid exchanging money at unofficial places with bad rates, not checking for hidden fees, and relying too much on credit cards. Use well-known banks or exchange services, compare rates, and always have local currency ready.

Are there any tips for managing money effectively during my Bora Bora vacation?

Yes, make a realistic budget, use a currency converter to track your spending, and know about local tipping. Also, be aware of ATM fees and use cash for small buys. Save credit cards for big purchases to keep costs down and manage your money well.

Source Links

  1. The Ultimate Travel guide to Bora Bora – Jyo Shankar – https://jyoshankar.com/2024/05/the-ultimate-travel-guide-to-bora-bora/
  2. French Polynesia Currency Exchange Guide – What Currency Do They Use? – https://crowncurrency.com.au/country/french-polynesia
  3. Ultimate Guide: Currency in Tahiti & Bora Bora | African Sahara – https://www.africansahara.org/ultimate-guide-currency-in-tahiti-bora-bora/
  4. Currency In Tahiti: ALL You Need To Know (2024 Update + FAQ) – https://lostbetweenoceans.com/currency-in-tahiti/
  5. Money in French Polynesia, key information to prepare your trip – Triptahiti – https://triptahiti.com/blog/money-in-french-polynesia-key-information-to-prepare-your-trip/
  6. Convert Pacific Franc to Dollars – https://www.currency.me.uk/convert/xpf/usd
  7. Money in French Polynesia | Frommer’s – https://www.frommers.com/destinations/french-polynesia/planning-a-trip/money
  8. US dollars to CFP francs Exchange Rate. Convert USD/XPF – Wise – https://wise.com/gb/currency-converter/usd-to-xpf-rate
  9. Everything money in Bora Bora (Currency, Exchange, Rate, Withdrawal…) – https://offtoborabora.com/money-in-bora-bora/
  10. ATMs in French Polynesia- Can I Use My Debit & Credit Cards? – https://crowncurrency.com.au/travel-tips/atms-french-polynesia
  11. Bora Bora on a Budget: How to Save Money in Paradise – https://theworldincorporated.com/bora-bora-budget-save-money/
  12. How to Travel Bora Bora on a Budget: It’s Possible! – https://www.neverendingfootsteps.com/bora-bora-on-a-budget/
  13. 10 Best Bora Bora All-Inclusive Resorts in 2024 + Tips to save – https://offtoborabora.com/bora-bora-all-inclusive-resorts/
  14. Escape to Paradise – The Top 5 Romantic Islands for Your Honeymoon – https://vocal.media/marriage/escape-to-paradise-the-top-5-romantic-islands-for-your-honeymoon