Reserve Bank of Fiji Exchange Rates
How does the Reserve Bank of Fiji calculate the daily exchange rates?
Fiji has a fixed exchange rate system where the Fiji Dollar (FJD) is pegged to a weighted basket of currencies comprising the Australian Dollar (AUD), New Zealand Dollar (NZD), United States Dollar (USD), Japanese Yen (JPY) and Euro (EUR). The rate published for the FJD-USD is the official exchange rate which is set at 8.30am each business day by the Reserve Bank. This rate is then used to calculate the rates of the AUD, NZD, JPY, EUR and other currencies against the FJD.
The Reserve Bank does not trade in foreign currencies with the general public. In the local foreign exchange market, the RBF trades in foreign currencies only with commercial banks, buying or selling US dollars.
Exchange rates published on the RBF website are for indicative purposes only and do not necessarily reflect the rates at which the licensed commercial banks and foreign exchange dealers are willing to deal with customers on a particular day.
Please contact a commercial bank or foreign exchange dealer for firm quotes.
For any further enquiries please contact firstname.lastname@example.org