Editing CFP franc (section)

=== Historical exchange rates ===

* '''26 December 1945 to 20 September 1949''' – Fixed exchange with the US dollar at US$1 = F.CFP&nbsp;49.60. Non-fixed exchange rate with the old French franc, which devalued four times vs. the US dollar. From F.CFP&nbsp;1 = FF&nbsp;2.40  (FF = French franc) in December 1945, the exchange rate reached F.CFP&nbsp;1 = FF&nbsp;5.50 in September 1949.
* '''21 September 1949 to 31 December 1959''' – Fixed exchange rate with the old French franc at F.CFP&nbsp;1 = FF&nbsp;5.50
* '''1 January 1960 to 31 December 1998''' – Fixed exchange rate with the French franc at F.CFP&nbsp;1 = NF&nbsp;0.055 or NF&nbsp;1 ≈ F.CFP&nbsp;18.182 (1 January 1960: 100 'old' French francs became 1 'new' franc)
* '''1 January 1999 onward''' – Fixed exchange rate with the euro at F.CFP&nbsp;1,000 = €8.38 or €1 ≈ F.CFP&nbsp;119.332 (1 January 1999: euro replaced FRF at the rate of 6.55957 FRF for 1 euro)
**The calculation to the euro was <math>0.055 \div 6.55957 \times 1000 \approx 8.3847</math>, which meant that 1000 XPF was not worth exactly €8.38 prior to the introduction of the euro. The value of 1000 XPF in euros was instead rounded to the nearest euro cent upon the introduction of the euro.

The 1960 and 1999 events are merely changes in the currency in use in France; the relative value of the CFP franc (XPF) vs. the French franc / euro is unchanged since 1949.