AUD/USD
(Australian Dollar / US Dollar)
The AUD/USD spot price represents the amount in US dollars that can be purchased with one Australian dollar.
As one of the seven most traded pairs in the world, AUD/USD is known as a major currency pair. It is also frequently referred to as a commodity pair because its price is heavily influenced by the value of related commodities.
In general terms, the Australian dollar gains value whenever gold prices appreciate.
This reflects the country’s status the third biggest producer of gold in the world. Its currency had an 84 per cent positive correlation with the precious metal between 1999 and 2008.
Product Specifications and Information
| Product Name | AUD/USD |
| Trading Exchange | Spot |
| leverage | up to 1:400 |
| Minimum Fluctuation | 0.00001 |
| Spread | 1.3 pips |
| Lot Size | 100,000 |
| Trading Hours | Sunday 21.03 to Friday 20.58 GMT Time |