EUR/AUD

1.52839
0.17%
Daily
  • L. 1.52567
  • H. 1.53279
  • Ch. -0.00257
  • Ch.% -0.17%
Overview
Costs & Margins
  • EUR/AUD is a forex market that pairs the Australian dollar with the euro, telling you how many AUD it takes to purchase one euro at the current exchange rate.

    Both the euro and the Australian dollar are considered major currencies, but as this pair doesn’t contain the US dollar it is classed as a minor market and may see lower liquidity than more-traded pairs.

    AUD is a well-known commodity currency, and can be heavily influenced by the price of iron, gold, natural gas and other commodities. EUR/AUD may also see movement from central bank decisions in either economy.

  • Margin From
    3.0 %
  • Trading Hours
    24 hours / day *
  • Min Trade Size
    1000
  • Long
    -0.66
  • Short
    -0.01
  • Min Stop Distance
    0.00031 points
  • Spreads
  • Spreads From
    0.00036 Points
  • Margins
  • 0 - 4000 000
    3.0 %
  • 4000 000 - 8100 000
    3.0 %
  • 8100 000 - 16000 000
    3.0 %
  • 16000 000 - 20000 000
    3.0 %
  • 20000 000 +
    20.0 %
  • Dealing
  • Spreads
    0.00036 Points
  • Margins
  • 0 - 4000 000
    3.0 %
  • 4000 000 - 8100 000
    3.0 %
  • 8100 000 - 16000 000
    3.0 %
  • 16000 000 - 20000 000
    3.0 %
  • 20000 000 +
    20.0 %

Pivot points
Dailys
Weekly
Monthly
Pivot point
1.53857
Bid
1.54515
Offer
1.54565
Distance
0
Last Updated: 1/25/2023 10:00:00 PM

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Forex explained

What is forex?

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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Why trade forex

People trade forex for a range of reasons, including the unmatched liquidity of the market, the ability to trade on leverage, the opportunity to take positions in both rising and falling markets, the lack of hidden fees or commissions, and the accessibility of markets being open 25 hours a day, five days a week.

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How to trade forex

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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