South African Rand vs Japanese Yen - ZAR JPY Trading

South African Rand vs Japanese Yen Investing

Type:

PCI

Instrument : &ZARJPY

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

South African Rand vs Yen Description

The personal composite instrument «&ZARJPY» reflects the price dynamics of South African Rand against Yen. The base part of this instrument is composed of 1 South African rand and the quoted part – 1 Japanese yen. The asset percentage content of the instrument is estimated on the basis of asset prices on the instrument creation date.

The trading instrument &ZARJPY is used for the analysis and trade of the currency cross rate of the South African rand and Japanese yen. The dynamics of this cross rate is an important indicator of the currency markets of the trading partners – SAR and Japan.

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Created by professionals for professionals
Use these instruments for analysis and trading
Available exclusively in IFC Markets

Structure

Parameters

Trading hours

Application field

Structure

PCI Components and their volume
Swipe table
&ZARJPYAssetVolume / 1 PCIPercentageVolume (USD) / 1 PCIUnit of measurеment
Base part1ZAR1.00000.0000.0900ZAR
Quoted part1JPY1.0000.00000.0100JPY

Parameters

PCI main trading conditions
Swipe table
The volume to calculate Swap and 1 pip value
100000
The size of 1 pip
0.0001
Margin in USD for the volume and leverage of 1:100
84.66 USD
Creation date
2014-11-27
StandardBeginnerDemo
Fixed spread, pip 656565
Floating Spread, pip 656565
Order distance, pip ---
Swap (long/short) in pips on Vol 6.739 / -19.2226.739 / -19.2226.739 / -19.222
Available
volumes
>=142010.50 1420.10 – 1419139.96 >=1420.10
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 trading instrument &ZARJPY is used for trade and dynamics analysis of South African rand vs the Japanese yen, as well as multi-year comparative analysis of the dynamics of major world currencies against Yen. For example, by building a percentage chart in the NetTradeX terminal for 5 currencies (EUR, USD, AUD, RUB, ZAR) against Yen, (Fig. 1), it is evident that in the last 4 years the USD gained the most against Yen (+40%), while the Turkish lira, South African rand and Ruble fell against Yen. Furthermore, in 2014 Ruble fell against Yen while South African rand gained against Yen.

South African Rand vs Yen
Limit volumes (USD) for base and quoted parts = 100000.00 ; 100000.00.

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