[oracle] Multiple REPLACE function in Oracle

I have created a general multi replace string Oracle function by a table of varchar2 as parameter. The varchar will be replaced for the position rownum value of table.

For example:

Text: Hello {0}, this is a {2} for {1}
Parameters: TABLE('world','all','message')

Returns:

Hello world, this is a message for all.

You must create a type:

CREATE OR REPLACE TYPE "TBL_VARCHAR2" IS TABLE OF VARCHAR2(250);

The funcion is:

CREATE OR REPLACE FUNCTION FN_REPLACETEXT(
    pText IN VARCHAR2, 
    pPar IN TBL_VARCHAR2
) RETURN VARCHAR2
IS
    vText VARCHAR2(32767);
    vPos INT;
    vValue VARCHAR2(250);

    CURSOR cuParameter(POS INT) IS
    SELECT VAL
        FROM
            (
            SELECT VAL, ROWNUM AS RN 
            FROM (
                  SELECT COLUMN_VALUE VAL
                  FROM TABLE(pPar)
                  )
            )
        WHERE RN=POS+1;
BEGIN
    vText := pText;
    FOR i IN 1..REGEXP_COUNT(pText, '[{][0-9]+[}]') LOOP
        vPos := TO_NUMBER(SUBSTR(REGEXP_SUBSTR(pText, '[{][0-9]+[}]',1,i),2, LENGTH(REGEXP_SUBSTR(pText, '[{][0-9]+[}]',1,i)) - 2));

        OPEN cuParameter(vPos);
        FETCH cuParameter INTO vValue;
        IF cuParameter%FOUND THEN
            vText := REPLACE(vText, REGEXP_SUBSTR(pText, '[{][0-9]+[}]',1,i), vValue);
        END IF;
        CLOSE cuParameter;
    END LOOP;

    RETURN vText;

EXCEPTION
      WHEN OTHERS
      THEN
         RETURN pText;
END FN_REPLACETEXT;
/

Usage:

TEXT_RETURNED := FN_REPLACETEXT('Hello {0}, this is a {2} for {1}', TBL_VARCHAR2('world','all','message'));