EUR and AUD currency trading
The EUR/AUD consists of 2 currencies which create a 'pair'. In this case, the Euro is the 'base' currency, and the Australian dollar is the 'counter' or 'quote' currency. EUR/AUD is actually a comparison of the value of one currency in relation to the other. For example, the quotation EUR/AUD 1.70 means that one Euro is exchanged for 1.70 Australian dollars. If the quote moves from EUR/AUD 1.70 to EUR/AUD 1.80, the Euro is getting stronger and the Australian dollar weaker. In this case, you would buy if you expected that the Euro would continue to strengthen against the Australian dollar.
As trading occurs on currency comparison, it is easy to trade EUR/AUD in any economic environment. In the past, factors such as interest rate differentials and rising commodity prices have had impacted the EUR/AUD rate. As with all forex trading, diversification is a way to minimize risk. On this page you will find information about factors which influence the price of EUR/AUD including real-time quotes direct from our trading platform. Daily news and analysis is readily available with FOREXYARD to help with your investment decisions.
Trading EUR/AUD online offers particular advantages, including round-the-clock trading. FOREXYARD provides 24 hour support, making it the most secure, trader friendly platform. With the significant leverage and low spreads offered by FOREXYARD, experienced and first time investors can start trading now with as little as $100.