Trade Gold / Chinese Yuan - &XAUCNH


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

Description

Personal composite instrument called «&XAUCNH» reflects the price dynamics of Gold against the Yuan. The base part of this instrument is composed of 1 ounce of gold, and the quoted part – 1 Chinese yuan. The asset percentage content of the instrument is estimated on the basis of asset prices on the instrument creation date.

The trading instrument &XAUCNH is used for the analysis and trade of gold quoted against one of the most promising Asian currencies - the Chinese yuan. The CNH is used as a component asset of the instrument, it was introduced into circulation by the Hong Kong Department of currency circulation and the Peoples Bank of China to enable the investors outside the mainland China to raise capital in Chinese currency. The turnover of precious metals, especially gold, historically plays an important role in the economy of China. Most gold trading takes place on the Shanghai Gold Exchange.

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?

&XAUCNHAssetVolume / 1 PCIPercentageVolume (USD) / 1 PCIUnit of measurеment
Base part1XAU1.00001.2201224.8300oz
Quoted part1CNH1.0000.16000.1600CNH
  • 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
  • 10
  • 0.01
  • 257.14 USD

Creation date

2014-09-23
StandardBeginnerDemo
Spread
in pips
494494494
Order distance
in pips
---
Swap (long/short) in pips on Vol -6.979 / -3.448-6.979 / -3.448-6.979 / -3.448
Available
volumes
>=10.00 1.00 – 77.80 >=1.00
The value of 1 pip in USD for the Vol 0.0150.0150.015
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
Friday

The personal composite trading instrument &XAUCNH is used for trade and dynamics analysis of Gold vs the Yuan, as well as multi-year comparative analysis of Gold vs. USD and Japanese yen. For example, by building a percentage chart (Chart %) in the NetTradeX terminal for three instruments &XAUCNH, XAUUSD and &XAUJPY (Рict. 1), it is evident that two periods stand out in the last five years: from 2010 to 2012, Gold exhibited almost identical dynamics against the three assets; from 2013-2014, Gold against CNH exhibits almost identical decline dynamics as that of XAUUSD, while Gold against JPY varied substantially less.

Gold against the Yuan

Traders, whose main assets and investments are denominated in Chinese yuan, will be comfortable trading this PCI.

Limit volumes (USD) for base and quoted parts = 100000.00 ; 100.00.

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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