Converting from Belize Dollar (BZD) to CFP Franc (XPF)

What is Belize Dollar (BZD)

The Belize Dollar (BZD) is the official currency of Belize, a beautiful country located on the eastern coast of Central America. It is abbreviated as BZD and is often represented by the dollar symbol (＄). The Belize Dollar is divided into 100 cents. The currency was introduced in 1973, replacing the British Honduras Dollar at a fixed exchange rate of 2 BZD to 1 USD.

The Belize Dollar is pegged to the United States Dollar, meaning that it maintains a stable exchange rate with the USD. As of October 2023, the exchange rate is set at 2 BZD for every 1 USD. This peg helps stabilize the Belizean economy, especially since the country relies heavily on tourism and foreign investments.

The Central Bank of Belize is in charge of issuing and managing the currency, ensuring its stability. Belizean bills come in denominations of ＄2, ＄5, ＄10, ＄20, ＄50 and ＄100. Coins are available in denominations of 1 cent, 5 cents, 10 cents, 25 cents, and ＄1. Due to its close ties with the US economy, visitors and businesses in Belize often encounter prices and transactions in both BZD and USD.

What is CFP Franc (XPF)

The CFP Franc (XPF) is the currency used in several French overseas territories, including French Polynesia, New Caledonia, and Wallis and Futuna. It is abbreviated as XPF, but it is commonly represented by the symbol “F.” The CFP Franc is subdivided into 100 centimes, although the centime is rarely used in everyday transactions.

Established in 1945, the CFP Franc was created to provide a stable currency for the territories that it serves, which are situated in the South Pacific. The currency is pegged to the Euro with a fixed exchange rate of 1 XPF = 0.0084 EUR, offering economic stability within these territories.

The Central Bank of the French Pacific (Institut d’Émission d’Outre-Mer, or IEOM) oversees the issuance of the CFP Franc. The bank ensures that the currency retains its stability and responds to the unique monetary needs of its territories. CFP Franc banknotes are available in denominations of 500, 1,000, 5,000, and 10,000 francs, while coins come in denominations of 1, 2, 5, 10, 20, 50, and 100 francs.

Converting BZD to XPF

To convert Belize Dollars to CFP Francs, you will need to find the current exchange rates between BZD and USD, as well as between USD and XPF. The conversion formula is:

Amount in XPF = Amount in BZD × (Exchange rate BZD to USD/Exchange rate USD to XPF)

This formula helps you accurately convert your currency to its desired form according to the latest market conditions. Always check current exchange rates for the most precise conversion.