Trade Gold vs Ruble - &XAURUB


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

Description

The personal composite instrument «XAURUB» reflects the price dynamics of gold against Russian ruble. The base part of this instrument is composed of 1 ounce of gold, and the quoted part – 1 Russian ruble. The asset percentage content of the instrument is estimated on the basis of asset prices on the instrument creation date.

The trading instrument &XAURUB is used for the analysis and trade of gold quoted against Russian ruble. A considerable part of official reserves in Russian economy are held in gold.

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

&XAURUBAssetVolume / 1 PCIPercentageVolume (USD) / 1 PCIUnit of measurеment
Base part1XAU1.00001.2001197.0100oz
Quoted part1RUB1.0000.00000.0200RUB
  • 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
  • 0.1
  • 0.25 USD

Creation date

2014-12-19
StandardBeginnerDemo
Spread
in pips
150415041504
Order distance
in pips
---
Swap (long/short) in pips on Vol -29.430 / 7.668-29.430 / 7.668-29.430 / 7.668
Available
volumes
>=10.00 1.00 – 80.30 >=1.00
The value of 1 pip in USD for the Vol 0.00170.00170.0017
Week dayTrading hours (CET)Local trading hours
Monday
SUN 23:00 — 24:00,
00:00 — 22:00, 23:00 — 24:00, 08:00 — 17:00
SUN 23:00 — 24:00,
00:00 — 22:00, 23:00 — 24:00, 08:00 — 17:00
Tuesday00:00 — 22:00, 23:00 — 24:00, 08:00 — 17:0000:00 — 22:00, 23:00 — 24:00, 08:00 — 17:00
Wednesday00:00 — 22:00, 23:00 — 24:00, 08:00 — 17:0000:00 — 22:00, 23:00 — 24:00, 08:00 — 17:00
Thursday00:00 — 22:00, 23:00 — 24:00, 08:00 — 17:0000:00 — 22:00, 23:00 — 24:00, 08:00 — 17:00
Friday08:00 — 17:0008:00 — 17:00

The personal composite trading instrument &XAURUB is used for trade and dynamics analysis of gold vs Russian ruble, as well as multi-year comparative analysis of gold vs. other currencies. For example, by building a percentage chart in the NetTradeX terminal for 5 instruments which quote the price of gold in various currencies - XAUUSD, &XAUJPY, &XAUJPY, &XAUCNH and &XAURUB (Fig.1 ), it is evident that during the recent year gold advanced against ruble, rising gradually at first and then proceeding to climb sharply starting from July 2014, while at the same time retreating a little bit against other currencies.

Gold vs Russian ruble

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

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