Trade Silver vs AUD - &XAGAUD
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?|
|&XAGAUD||№||Asset||Volume / 1 PCI||Percentage||Volume (USD) / 1 PCI||Unit of measurеment|
- 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
- 1.80 USD
|Swap (long/short) in pips on Vol||-1.050 / -0.107||-1.050 / -0.107||-1.050 / -0.107|
|>=500.00||5.00 – 4271.69||>=5.00|
|The value of 1 pip in USD for the Vol||0.384||0.384||0.384|
|Week day||Trading hours (CET)||Local trading hours|
|Monday||00:00 — 24:00||00:00 — 24:00|
|Tuesday||00:00 — 23:00||00:00 — 23:00|
|Wednesday||00:00 — 23:00||00:00 — 23:00|
|Thursday||00:00 — 23:00||00:00 — 23:00|
|Friday||00:00 — 22:00, 00:00 — 23:00||00:00 — 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.
Traders, whose main assets and investments are denominated in Australian dollars, will be comfortable trading this PCI.