Gold vs Australian Dollar - XAU AUD Trading

Gold vs Australian Dollar Investing

Type:

PCI

Instrument : &XAUAUD

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

Gold vs AUD Description

Personal composite instrument called «&XAUAUD» reflects the price dynamics of gold against the Australian dollar. The base part of this instrument is composed of 1 ounce of Gold, and the quoted part – 1 Australian dollar. The asset percentage of the instrument is estimated based on the asset prices on the PCI creation day.

The trading instrument &XAUAUD is used for the analysis and trade of Gold quoted against one of the major commodity currencies – the Australian dollar. The Australian economy depends heavily on mining and export of precious metals, particularly gold.

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Structure

Parameters

Trading hours

Application field

Structure

PCI Components and their volume
Swipe table
&XAUAUDAssetVolume / 1 PCIPercentageVolume (USD) / 1 PCIUnit of measurеment
Base part1XAU1.00001.2401236.0200oz
Quoted part1AUD1.0000.91000.9100AUD

Parameters

PCI main trading conditions
Swipe table
The volume to calculate Swap and 1 pip value
100
The size of 1 pip
0.01
Margin in USD for the volume and leverage of 1:100
1338.60 USD
Creation date
2014-09-17
StandardBeginnerDemo
Fixed spread, pip 808080
Floating Spread, pip 808080
Order distance, pip ---
Swap (long/short) in pips on Vol -13.801 / -4.189-13.801 / -4.189-13.801 / -4.189
Available
volumes
>=10.00 1.00 – 61.61 >=1.00
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 — 22:1500:00 — 22:15
Tuesday00:00 — 22:1500:00 — 22:15
Wednesday00:00 — 22:1500:00 — 22:15
Thursday00:00 — 22:1500:00 — 22:15
Friday00:00 — 22:0000:00 — 22:00

Application field

How can PCI be applied in trading?

The personal composite trading instrument &XAUAUD is used for multi-year dynamics analysis of Gold vs the Australian dollar, as well as for comparative analysis with another popular instrument – XAUUSD . For example, by building a percentage chart for two instruments &XAUAUD and XAUUSD (Рict. 1) on the trading platform NetTradeX, it can be seen that Gold exhibited significantly smaller growth dynamics in the 5-year period against the AUD compared with the growth against the USD, especially in the period from August 2010 to July 2013.

Currency portfolio “Gold vs. AUD”

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 ; 100.00.

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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