Gold vs Chinese Yuan - XAU CNH Trading

Gold vs Chinese Yuan Investing

Type:

PCI

Instrument : &XAUCNH

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Status: Closed Trading

Change:

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Gold vs Yuan 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.

Advantage

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.

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Structure

Parameters

Trading hours

Structure

PCI Components and their volume

Swipe table

&XAUCNH	№	Asset	Volume / 1 PCI	Percentage	Volume (USD) / 1 PCI	Unit of measurеment
Base part	1	XAU	1.0000	1.220	1224.8300	oz
Quoted part	1	CNH	1.000	0.1600	0.1600	CNH

Parameters

PCI main trading conditions

Swipe table

The volume to calculate Swap and 1 pip value

The size of 1 pip

0.01

Margin in USD for the volume and leverage of 1:100

133.86 USD

Creation date

2014-09-23

	Standard	Beginner	Demo
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 day	Server time (CET)	Local hours
Monday	00:00 — 22:15, 23:00 — 24:00	00:00 — 22:15, 23:00 — 24:00
Tuesday	00:00 — 22:15, 23:00 — 24:00	00:00 — 22:15, 23:00 — 24:00
Wednesday	00:00 — 22:15, 23:00 — 24:00	00:00 — 22:15, 23:00 — 24:00
Thursday	00:00 — 22:15, 23:00 — 24:00	00:00 — 22:15, 23:00 — 24:00
Friday	00:00 — 22:00	00:00 — 22:00
Saturday	—	—
Sunday	—	—