- 거래
- 상품 소개
- 합성상품 라이브러리
- Silver vs Mexican Pesos Investing
Silver vs Mexican Pesos - XAG MXN Trading
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.
Structure
Parameters
Trading hours
Application field
Structure
&XAGMXN | № | 자산 | Volume / 1 PCI | Percentage | Volume (USD) / 1 PCI | Unit of measurеment |
---|---|---|---|---|---|---|
Base part | 1 | XAG | 1.0000 | 0.020 | 16.9600 | oz |
Quoted part | 1 | MXN | 1.000 | 0.0000 | 0.7000 | MXN |
Parameters
Standard | Beginner | Demo | |
---|---|---|---|
고정스프레드, 핍 | |||
Floating Spread, pip | |||
주문거리, 핍 | |||
스왑, 핍 (롱/숏) | |||
이용가능 볼륨 | |||
The value of 1 pip in USD for the Vol |
Trading hours
Week day | 거래 시간 (CET, 중앙유럽표준시간) | 현지 거래 시간 |
월요일 | 00:00 — 24:00 | 00:00 — 24:00 |
화요일 | 00:00 — 24:00 | 00:00 — 24:00 |
수요일 | 00:00 — 24:00 | 00:00 — 24:00 |
목요일 | 00:00 — 24:00 | 00:00 — 24:00 |
금요일 | 00:00 — 22:00 | 00:00 — 22:00 |
Saturday | — | — |
Sunday | — | — |
Application field
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.
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.
To trade PCI instruments offered exclusively by IFC Markets, you need to open a free account and download the NetTradeX platform.