Silver vs Mexican Pesos - XAG MXN Trading

Silver vs Mexican Pesos Investing

Type:

PCI

Instrument : &XAGMXN

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

Silver vs Pesos 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.

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Structure

Parameters

Trading hours

Application field

Structure

PCI Components and their volume
Swipe table
&XAGMXNAssetVolume / 1 PCIPercentageVolume (USD) / 1 PCIUnit of measurеment
Base part1XAG1.00000.02016.9600oz
Quoted part1MXN1.0000.00000.7000MXN

Parameters

PCI main trading conditions
Swipe table
The volume to calculate Swap and 1 pip value
500
The size of 1 pip
0.001
Margin in USD for the volume and leverage of 1:100
82.84 USD
Creation date
2015-03-23
StandardBeginnerDemo
Fixed spread, pip 741741741
Floating Spread, pip 741741741
Order distance, pip ---
Swap (long/short) in pips on Vol -62.847 / -12.261-62.847 / -12.261-62.847 / -12.261
Available
volumes
>=602.00 6.02 – 5000.00 >=6.02
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 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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