Silver vs Mexican Pesos - XAG MXN Trading


Buy XAGMXN with

Market Exchange Rate

Status:Closed Trading

Description

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

The trading instrument &XAGMXN is used for the analysis and trade of silver quoted against the Mexican peso. The Mexican economy depends heavily on mining and export of raw materials – oil, precious metals, particularly silver. Mexico’s silver ore deposits (7%) and mined silver output (19%) rank it among the top 5 countries in the world in silver mineral deposits and production.

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?

&XAGMXNAssetVolume / 1 PCIPercentageVolume (USD) / 1 PCIUnit of measurеment
Base part1XAG1.00000.02016.9600oz
Quoted part1MXN1.0000.00000.7000MXN
  • 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
  • 179.10 USD

Creation date

2015-03-23
StandardBeginnerDemo
Spread
in pips
870870870
Order distance
in pips
---
Swap (long/short) in pips on Vol -0.643 / -0.024-0.643 / -0.024-0.643 / -0.024
Available
volumes
>=557.32 5.57 – 5000.00 >=5.57
The value of 1 pip in USD for the Vol 0.02790.02790.0279
Week dayTrading hours (CET)Local trading hours
Monday 01:00 — 23:00, 00:00 — 24:0001:00 — 23:00, 00:00 — 24:00
Tuesday00:00 — 23:00, 00:00 — 24:0000:00 — 23:00, 00:00 — 24:00
Wednesday00:00 — 23:00, 00:00 — 24:0000:00 — 23:00, 00:00 — 24:00
Thursday00:00 — 23:00, 00:00 — 24:0000:00 — 23:00, 00:00 — 24:00
Friday00:00 — 22:0000:00 — 22:00

The personal composite trading instrument &XAGMXN is used for multi-year dynamics analysis of silver against the Mexican peso, as well as for comparative analysis with silver prices quoted in USD and AUD. For example, by building a percentage chart for two instruments &XAGMXN, &XAGAUD и XAGUSD ( Fig.1) on the trading platform NetTradeX, it is evident that in the 1-year period since March 2014 the silver prices quoted in MXN and AUD moved synchronously while silver declined against the USD substantially more.

Silver vs MXN

Fig. 1

Traders who specialize in precious metals trading, that is done also with financing in regional American currencies, 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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