1 Fijian Dollar: Understanding the Currency of Fiji
The Fijian dollar (FJD) is the official currency of Fiji, an island nation located in the Pacific Ocean. It is divided into 100 cents and is issued by the Reserve Bank of Fiji, the country's central bank.
History of the Fijian Dollar
The Fijian dollar was introduced in 1969, replacing the Fijian pound as the official currency of Fiji. The currency was pegged to the Australian dollar at a fixed rate of 1 AUD = 1.215 FJD. However, in 1974, Fiji gained independence from Australia, and the Fijian dollar became a floating currency.
Design and Security Features
The Fijian dollar banknotes feature a range of security features to prevent counterfeiting, including:
- Watermark: A transparent image of the Fijian coat of arms can be seen when held against the light.
- Security thread: A thread embedded in the paper that glows under UV light.
- Microprinting: Tiny text that is difficult to read with the naked eye.
- Holograms: Shiny, three-dimensional images that appear to move when tilted.
The banknotes also feature images of Fiji's natural beauty, including the island of Taveuni, the Garden of the Sleeping Giant, and the crested iguana.
Coins
Fijian coins are available in denominations of 5, 10, 20, and 50 cents, as well as 1 and 2 dollars. The coins feature images of Fiji's national symbols, including the Fijian crested iguana, the Fiji Parrot, and the tropical hibiscus.
Exchange Rate
The exchange rate of the Fijian dollar can fluctuate against other currencies. As of 2023, the exchange rate is approximately:
- 1 USD = 2.15 FJD
- 1 AUD = 1.45 FJD
- 1 NZD = 1.35 FJD
Using the Fijian Dollar
The Fijian dollar is widely accepted in Fiji, and can be exchanged at banks, currency exchange offices, and some hotels. Credit cards and traveler's checks are also widely accepted.
Conclusion
The Fijian dollar is an important part of Fiji's economy and culture. With its rich history, unique design, and advanced security features, the Fijian dollar is a fascinating currency to learn about and use during your travels to Fiji.
