Silver vs Australian Dollar - XAG AUD Trading

Silver vs Australian Dollar Investing

Type:

PCI

Instrument : &XAGAUD

Status: Closed Trading
Change:
Prev. closing
Open price
Today, max.
Today, min.

Silver AUD Description

Personal composite instrument called «&XAGAUD» reflects the price dynamics of silver against the Australian dollar. The base portfolio of this instrument is composed of 1 ounce of silver, and the quoted portfolio – 1 Australian dollar. The asset percentage content of the instrument is estimated based on the asset prices on the PCI creation date.

The trading instrument &XAGAUD is used for the analysis and trade of silver quoted against one of the major commodity currencies- the Australian dollar. The Australian economy depends heavily on mining and export of precious metals, particularly silver. Australia’s silver ore deposits (14%) and mined silver output (9%) rank it among the top 5 countries in the world in silver mineral deposits and production.

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Created by professionals for professionals
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Available exclusively in IFC Markets

Structure

Parameters

Trading hours

Application field

Structure

PCI Components and their volume
Swipe table
&XAGAUDAssetVolume / 1 PCIPercentageVolume (USD) / 1 PCIUnit of measurеment
Base part1XAG1.00000.02016.7300oz
Quoted part1AUD1.0000.00000.7800AUD

Parameters

PCI main trading conditions
Swipe table
The volume to calculate Swap and 1 pip value
500
The size of 1 pip
0.001
Margin in USD for the volume and leverage of 1:100
82.84 USD
Creation date
2015-03-23
StandardBeginnerDemo
Fixed spread, pip 632632632
Floating Spread, pip 632632632
Order distance, pip ---
Swap (long/short) in pips on Vol -0.863 / -0.175-0.863 / -0.175-0.863 / -0.175
Available
volumes
>=500.00 5.00 – 4764.50 >=5.00
The value of 1 pip in USD for the Vol 000

Trading hours

PCI active trading hours
Week dayTrading hours (CET)Local trading hours
Monday 00:00 — 24:0000:00 — 24:00
Tuesday00:00 — 24:0000:00 — 24:00
Wednesday00:00 — 24:0000:00 — 24:00
Thursday00:00 — 24:0000:00 — 24:00
Friday00:00 — 22:0000:00 — 22:00

Application field

How can PCI be applied in trading?

The personal composite trading instrument &XAGAUD is used for multi-year dynamics analysis of silver against the Australian dollar, as well as for comparative analysis with another popular instrument XAGUSD. For example, by building a percentage chart for two instruments &XAGAUD и XAGUSD ( Fig. 1) on the trading platform NetTradeX, it is evident that in the 3-year period silver declined against the AUD at a slower pace than its pace of decline against the USD.

Silver vs AUD

Fig. 1

Traders, whose main assets and investments are denominated in Australian dollars, will be comfortable trading this PCI.

Limit volumes (USD) for base and quoted parts = 100000.00 ; 100000.00.

To trade PCI instruments offered exclusively by IFC Markets, you need to open a free account and download the NetTradeX platform.

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