
The Fijian dollar is the official currency of Fiji, and it's divided into 100 cents. The Fijian dollar is pegged to the Australian dollar, which means its value is tied to the Aussie dollar.
The Fijian dollar is available in various denominations, including $2, $5, $10, $20, $50, and $100 notes. You can also find coins in 1, 2, 5, 10, 20, and 50 cent denominations.
In Fiji, the Fijian dollar is widely accepted and used in everyday transactions. You'll find it in use in shops, restaurants, and markets throughout the country.
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What is the Fijian Dollar?
The Fijian dollar is the official currency of Fiji, introduced in 1969 to replace the Fijian pound at a rate of 2 FJD per Fijian pound.
It's the only legal tender in Fiji and is widely accepted for all transactions, playing a crucial role in the country's economy, supporting trade, commerce, and daily transactions among locals and tourists alike.
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The Fijian dollar has undergone several changes over the years, with the first coins minted in 1969 featuring values of 1, 5, 10, and 20 cents, and the 50 cents coin introduced six years later.
The Fijian dollar comes in $5, $10, $20, $50, and $100 bills made of polymer-coated paper, and 5 cent, 10 cent, 20 cent, 50 cent, $1, and $2 coins that are either nickel-clad steel or nickel-clad brass.
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Currency in Use
The Fijian dollar is the official currency of Fiji, and it's been used since 1969 when it replaced the Fijian pound. The Reserve Bank of Fiji is responsible for managing the currency.
The first coins of the Fijian dollar were minted in 1969 with values of 1, 5, 10, and 20 cents, and the 50 cents coin was introduced six years later. The coins had the same materials and dimensions as the Australian dollar.
In 2009, the two smallest coins were removed from circulation and the 5, 10, 20, and 50 cents coins were minted in smaller dimensions. This change made the coins easier to handle and use.
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The Fijian dollar banknotes feature various denominations, including 5, 7, 10, 20, 50, and 100 FJD. The Reserve Bank of Fiji is responsible for issuing these banknotes.
The Fijian dollar has undergone several changes over the years, with the introduction of new coins and banknotes. In 2013, the series of circulating currencies was completely renewed, adding the 2-dollar currency to the monetary cone.
Understanding the Fjd
The Fijian dollar, or FJD, is a stable currency with a fluctuation-free value against the USD since 2015, pegged at approximately $0.47 USD per FJD.
The Fijian dollar comes in various denominations, including $5, $10, $20, $50, and $100 bills, as well as 5 cent, 10 cent, 20 cent, 50 cent, $1, and $2 coins.
These bills and coins feature unique designs, with the current "Flora and Fauna" series showcasing Fijian plants and animals, replacing the previous images of Queen Elizabeth II.
The removal of Queen Elizabeth II's portrait reflects Fiji's independence from Britain in 1970, and the modern banknotes now contain scenes and symbols meaningful to Fijian culture, such as the Fijian coat of arms and a map of Fiji.
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The Fijian dollar is made of polymer-coated paper for the bills and nickel-clad steel or nickel-clad brass for the coins, with the $5 bill featuring the image of a Mariratu flower, an indigenous Fijian plant.
Here is a list of FJD denominations and their corresponding values in USD, based on the historical exchange rates provided:
FJD Exchange Rates
The Fijian dollar has a relatively stable exchange rate with the USD, holding steady at around $0.47 USD per FJD between 2015 and 2020.
You can check the current FJD exchange rates against other currencies, including USD, ZAR, AUA, EUR, SGD, INR, GBP, and CAD. Here's a snapshot of the exchange rates:
Keep in mind that banks and traditional providers often mark up exchange rates, but our smart tech means you can get a great rate every time.
FJD Exchange Rates
The FJD exchange rate is a crucial piece of information for anyone traveling to or from Fiji. You can find the current exchange rates for FJD against various currencies, including USD, ZAR, AUA, EUR, SGD, INR, GBP, and CAD.
Here's a breakdown of the FJD exchange rates:
Beware of bad exchange rates, as banks and traditional providers often mark up the exchange rate, passing the extra costs to you. Our smart technology, however, allows us to offer great exchange rates every time.
US Dollar Historical Exchange Rates
The US Dollar Historical Exchange Rates are quite interesting, and they can give us a good idea of how the value of the Fijian Dollar has changed over time.
For example, as of the data provided, the exchange rate for US$ 1 is FJ$ 2.33.
If you're planning a trip to Fiji, you might want to know that US$ 5 is equivalent to FJ$ 11.65.
The exchange rate for US$ 10 is FJ$ 23.31, which can help you budget for your trip.
Here's a breakdown of the exchange rates for larger amounts of US dollars:
Keep in mind that these exchange rates are historical and may not reflect the current market rate.
Real World Example of FJD
Fiji is a major tourist destination, hosting around 1 million tourists each year, which significantly contributes to its economy.
The tourism sector is a major contributor to Fijian gross domestic product (GDP) and employment.
The unemployment rate in Fiji has remained steady between 4% and 4.5% in recent years.
Inflation in Fiji averages around 3% outside of the tourism sector.
Fiji exports specialty products such as bottled water, refined petroleum products, and gold.
The United States and Australia are Fiji's main export partners, collectively purchasing about one-third of all Fiji's products and services.
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Frequently Asked Questions
Why is Fijian dollar strong?
The Fijian dollar's value is supported by Fiji's strong economy, driven by its thriving tourism sector which attracts nearly 1 million tourists annually. This significant contributor to GDP and employment helps maintain the currency's stability.
What is Fiji dollar called?
The official currency of Fiji is called the Fijian dollar, abbreviated as FJD. It's the standard unit of exchange used throughout the country.
Sources
- https://wise.com/us/currency-converter/currencies/fjd-fijian-dollar
- https://www.globalexchange.hk/en/web/42738/the-fiji-islands-dollar
- https://themoneyconverter.com/USD/FJD
- https://www.currency.wiki/fjd_usd
- https://www.globalexchange.com.ni/en/currencies-of-the-world/fiji-islands-dollar
- https://www.investopedia.com/terms/f/fjd.asp
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