EUR/AUD
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EURO AUSTRALIAN DOLLAR TRADING
Based on the euro's exchange rate versus the AUD, we have the EUR/AUD currency pair. The pricing shows the amount of AUD (the reference currency) required to purchase one euro (the base currency). A variety of factors influence the value of this currency pair, which represents two of the most popular currency pairings for trading. For commodity trade, Australia's proximity to Asia can have a significant impact on the currency's performance. Traders should keep an eye on the European Central Bank's monthly policy releases to see how interest rates affect the euro.
History of the Euro
The euro was released on 1 January 1999, following a decade of preparations: for the first three years, it was a 'invisible' currency, used exclusively for accounting purposes and electronic payments. Coins and banknotes were introduced on 1 January 2002, and the largest currency transition in history occurred in 12 EU countries.
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EUR/AUD Trading FAQs
When Is the Best Time to Trade EUR/AUD?
When Is the Best Time to Trade EUR/AUD?
Due to the fact that swings can be impacted by a wide range of circumstances, there is no single ideal time to trade a particular currency pair. However, spreads are typically quite low during periods of strong liquidity and volatility, which for the EUR/AUD occurs between 13:00 and 17:00 GMT on a regular basis.
How can I trade Euro AUD?
How can I trade Euro AUD?
One can trade EUR/AUD via a forex contract, or they can trade a Contract for Difference (CFD) on a specific currency pair and bet on the price differential.
Where Can I Find a Trusted Forex Broker to Trade EUR/AUD?
Where Can I Find a Trusted
Forex Broker to Trade EUR/AUD?
As you may already know, trading via CFDs (contracts for difference) is one of the most popular approaches when dealing with currencies such as EUR/AUD. While there are numerous Forex brokers out there. Try to find one that suits your needs. Such as FP Markets, a fully regulated broker that offers all types of platforms and accounts, to suit every need.