French Polynesia Exchange Rate

French Polynesia’s exchange rate has risen from 89.77 in 1960 to 114.14 in 2025, placing the territory 63rd globally and matching New Caledonia’s 2025 level. The series spans 66 years and exhibits pronounced volatility, with an all‑time peak of 163.37 in 1985 and a trough of 76.83 in 1980, suggesting that the late 1970s and early 1980s were a period of relative depreciation before a sharp appreciation in the mid‑1980s. Since the 1985 high, the rate has generally trended downward, stabilising around the mid‑110s in recent years, a pattern mirrored by other small Pacific economies such as Vanuatu (120.86) and Serbia (111.90). The convergence with New Caledonia indicates regional parity in currency dynamics, likely driven by similar trade exposure and monetary policy frameworks. Continued resilience of tourism revenues and modest fiscal adjustments could sustain the current level, while any external shock to commodity prices or a shift in French overseas monetary policy would be required to alter the trajectory.