Trade Silver vs AUD - &XAGAUD


Status:Closed Trading
Change: during the current or most recent trading day

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.

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

Please, choose the section:

Structure: PCI Components and their volume
Parameters: PCI main trading conditions
Trading Hours: PCI active trading hours
Application Field: How can PCI be applied in trading?

Structure

Parameters

Trading hours

Application field

&XAGAUDAssetVolume / 1 PCIPercentageVolume (USD) / 1 PCIUnit of measurеment
Base part1XAG1.00000.02016.7300oz
Quoted part1AUD1.0000.00000.7800AUD
  • The volume to calculate Swap and 1 pip value
  • The size of 1 pip
  • Margin in USD for the volume and leverage of 1:100
  • 500
  • 0.001
  • 1.80 USD

Creation date

2015-03-23
StandardBeginnerDemo
Spread
in pips
656565
Order distance
in pips
---
Swap (long/short) in pips on Vol -1.050 / -0.107-1.050 / -0.107-1.050 / -0.107
Available
volumes
>=500.00 5.00 – 4271.69 >=5.00
The value of 1 pip in USD for the Vol 0.3840.3840.384
Week dayTrading hours (CET)Local trading hours
Monday 00:00 — 24:0000:00 — 24:00
Tuesday00:00 — 23:0000:00 — 23:00
Wednesday00:00 — 23:0000:00 — 23:00
Thursday00:00 — 23:0000:00 — 23:00
Friday00:00 — 22:00, 00:00 — 23:0000:00 — 22:00, 00:00 — 23:00

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.
Call