The exchange rate is set at: 1
French franc = 50 Comorian Francs.
At current valuation levels the D-Mark, sterling and both the Swiss and
French francs are looking expensive.
During the week of September 18, the German mark rose 4.6 percent against the Italian lira, to ITL 1130.73, and 0.7 percent against the
French franc, to FRF 3.4645.
Rates of exchange determine how many
French francs or Italian lire you can buy for one U.S.
At the end of the War, African countries were still under colonial rule and majority of Francophone African states used the
French Franc as their currency following colonial France's decision to destroy and stop any circulation of indigenous African currencies.
French francs and German marks are also accepted in Luxembourg.
Richard Jones, the Oxfam Cymru media officer, said just a few unwanted foreign coins can change a life - with a single
French franc being enough to buy one kilo of maize and one Irish punt enough to buy a school book.
As the Euro becomes the new currency in 12 European states on January 1, old currencies, including the
French franc, and Spanish peseta will quickly stop being legal tender.
With the
French franc offering the best value in years there's no excuse NOT to take the family for a weekend, a special treat...or just for fun.
On the other hand, the
French Franc's gains on the Dollar and on Sterling since July have enabled it to appreciate in effective terms despite it's recent weakness against the German Mark.
The
French franc came under selling pressure but stabilized amid intervention purchases of francs and a rise in French interest rates.
These problems were highlighted by the recent speculative pressure weakening the
French franc against the DM.
