XAG AUD | Silver AUD Investing | Silver vs Australian Dollar | &XAGAUD | IFCM India
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Silver vs Australian Dollar - XAG AUD Trading

Silver vs Australian Dollar Investing

Type:

PCI

Instrument : &XAGAUD

Try Your Trading

0
Leverage 1:100
Margin 1000
Calculation base
Status: Closed Trading
Change:
Prev. closing
Open price
Today, max.
Today, min.

Silver AUD Description

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.

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Created by professionals for professionals
Use these instruments for analysis and trading
Available exclusively in IFC Markets

Structure

Parameters

Trading hours

Application field

Structure

PCI Components and their volume
Swipe table
&XAGAUDAssetVolume / 1 PCIPercentageVolume (USD) / 1 PCIUnit of measurеment
Base part1XAG1.00000.02016.7300oz
Quoted part1AUD1.0000.00000.7800AUD

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
Floating Spread, pip
Order distance, pip
Swap (long/short) in pips on Vol
Available
volumes
The value of 1 pip in USD for the Vol

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 &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.

Silver vs AUD

Fig. 1

Traders, whose main assets and investments are denominated in Australian dollars, 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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