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country currency pairs euraud

Euro vs Australian Dollar

Euro vs Australian Dollar (EURAUD)

EURAUD is the currency pair representing the Euro against the Australian Dollar. It indicates the exchange rate between the Euro and the Australian Dollar.

-.-- -.--%
Annual change
-.--%
All time High / Low
1.36265 / 1.97952
Buy

--.--

Sell

--.--

-.-
Daily price range:
Low
1.61878
High
1.62606

EURAUD Contract Specifications

  • Minimum Spreads, points: 0
  • Contract Size per Lot: 100000
  • Swap type: Points
  • Swap Long: -9.94
  • Swap Short: 0.28
  • Margin Group: FX Majors
  • Margin Currency: EUR
  • Tick size: 0
  • Trading Platform: MetaTrader 4
  • Minimum Volume: 0.01
  • Maximum Volume: 0
  • Trading Schedule EET: 00:00 - 23:59 Mon - Fri
  • Hedged Margin: 1
  • Days Swap: FX Wednesday, metals-indices-oil friday

History of EURAUD

The EURAUD currency pair represents the exchange rate between the euro and the Australian dollar. The history of this pair dates back to the establishment of the euro as the official currency of the European Union in 1999. Prior to that, the Australian dollar was primarily traded against the US dollar. The EURAUD pair reflects the relative strength or weakness of the two economies and is influenced by various factors such as interest rates, economic indicators, and geopolitical events. Over the years, the exchange rate between the euro and the Australian dollar has seen fluctuations due to economic conditions and market sentiment.

currency pair euraud

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Frequently Asked Questions

EURAUD is a currency pair that represents the exchange rate between the euro and the Australian dollar. The currency listed first EUR is known as the base currency, while the currency listed second AUD is the quote currency. The exchange rate indicates how much of the quote currency AUD is needed to buy one unit of the base currency EUR. For example, if the exchange rate is 1.50, it means that 1.50 Australian dollars are required to purchase one euro. Traders and investors use this currency pair to speculate on and take advantage of the fluctuations in exchange rates between the euro and the Australian dollar.

To trade the EURAUD pair, you need to have a trading account. Once you have an account, you can access the trading platform and place a trade on the EURAUD currency pair. Trading the EURAUD pair involves buying or selling one currency in exchange for the other with the hope of making a profit from the fluctuations in exchange rates. You can use different trading strategies such as technical analysis, fundamental analysis and various types of orders to manage your trades. It is important to note that forex trading carries risk and requires thorough understanding, proper risk management and careful planning to be successful.

The trading hours for EURAUD can be found here

There are several popular trading strategies for the EURAUD pair. One approach is to utilize technical analysis, which involves analyzing price charts, patterns, and indicators to identify potential trading opportunities. Traders can also consider using fundamental analysis to assess economic factors and news releases that may impact the EURAUD exchange rate. Additionally, some traders employ range trading strategies, where they identify support and resistance levels and trade within those boundaries. It’s important for traders to develop a well-rounded approach, combining multiple strategies and risk management techniques to increase their chances of success.

When trading the EURAUD pair, it’s important to consider several factors. First, pay attention to economic indicators and news releases from both the Eurozone and Australia, as they can impact the exchange rate. Key data points to monitor include interest rates, GDP growth, inflation, and employment figures. Additionally, political events, such as elections or policy changes, can also affect the currency pair. Keeping an eye on market sentiment and risk appetite is crucial, as shifts in investor sentiment can impact the EURAUD exchange rate. Technical analysis can provide insights into trends, support and resistance levels, and potential entry and exit points. Lastly, carefully managing risk is important, including setting stop-loss and take-profit levels, and using proper position sizing techniques to protect against potential losses.