AUD/PLN

3.04263
0.74%
Daily
  • L. 3.03674
  • H. 3.06852
  • Ch. -0.0226
  • Ch.% -0.74%
Overview
Costs & Margins
  • AUD/PLN is an exotic currency pair representing how many Polish zlotys equal one Australian dollar.

    The Australian dollar is a commodity currency influenced mainly by the country’s production of iron ore, gold, coal, and petroleum, which form the majority of Australia’s exports.

    The Polish zloty was moved from a fixed to floating exchange rate in April 2000. Since its float, the zloty is chiefly affected by central bank policy and economic growth. Poland trades mainly with the UK and other central European countries, exporting heavy machinery and other equipment.

  • Margin From
    5.0 %
  • Trading Hours
    24 hours / day *
  • Min Trade Size
    1000
  • Long
    -2.97
  • Short
    1.54
  • Min Stop Distance
    0.0012 points
  • Spreads
  • Spreads From
    0.00120 Points
  • Margins
  • 0 - 1300 000
    5.0 %
  • 1300 000 - 6400 000
    10.0 %
  • 6400 000 - 13000 000
    15.0 %
  • 13000 000 - 25000 000
    20.0 %
  • 25000 000 +
    40.0 %
  • Dealing
  • Spreads
    0.00120 Points
  • Margins
  • 0 - 1300 000
    5.0 %
  • 1300 000 - 6400 000
    10.0 %
  • 6400 000 - 13000 000
    15.0 %
  • 13000 000 - 25000 000
    20.0 %
  • 25000 000 +
    40.0 %

Pivot points
Dailys
Weekly
Monthly
Pivot point
3.06911
Bid
3.05271
Offer
3.05714
Distance
0
Last Updated: 1/30/2023 10:00:00 PM

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Forex is the process by which traders can buy one currency and simultaneously sell another, with the goal to profit from the direction price is likely to take in the future. With a daily trading volume of more than $6.5 trillion, the forex market is the most traded in the world, and is open 24 hours a day, 5 days a week for banks, institutions and individuals worldwide.

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In order to trade forex, there are a few key steps to follow. First, you need to select a currency pair. Many traders choose a major pair such as EUR/USD due to high liquidity. Next, analyzing the market is key to understanding the technical and fundamental drivers that may affect price. Once you understand how to read the quote, it's time to open your position by going long or short.

You'll need to monitor your trade, with many traders using technical indicators to make better sense of price action, and features such as stops and limits to manage risk. Finally, you can close your position when the market hits a price at which you want to exit.

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