Brent Crude vs Norwegian Krone - Brent NOK Trading
Market Exchange Rate
The personal composite instrument «&BRENT/NOK» reflects the price dynamics of a barrel of crude oil Brent against the Norwegian krone. The base part of the instrument is composed of 1 barrel of crude oil Brent brand, and the quoted part – 1 Norwegian krone. Oil is represented by #C-BRENT - a continuous CFD on Brent oil futures.
The asset percentage content of the instrument is estimated on the basis of asset prices on the instrument creation date.
The trading instrument &BRENT/NOK is used for the analysis and trade of oil quoted against Norwegian krone.
Please, choose the section:
PCI Components and their volume
PCI main trading conditions
PCI active trading hours
How can PCI be applied in trading?
|&BRENT/NOK||№||Asset||Volume / 1 PCI||Percentage||Volume (USD) / 1 PCI||Unit of measurеment|
- The volume to calculate Swap and 1 pip value
- The size of 1 pip
- Margin in USD for the volume and leverage of 1:100
- 105.00 USD
|Swap (long/short) in pips on Vol||-0.884 / -1.372||-0.884 / -1.372||-0.884 / -1.372|
|>=190.75||10.00 – 1000.00||>=10.00|
|The value of 1 pip in USD for the Vol||0.0128||0.0128||0.0128|
|Week day||Trading hours (CET)||Local trading hours|
|Monday||02:00 — 24:00, 00:00 — 24:00||02:00 — 24:00, 00:00 — 24:00|
|Tuesday||02:00 — 24:00, 00:00 — 24:00||02:00 — 24:00, 00:00 — 24:00|
|Wednesday||02:00 — 24:00, 00:00 — 24:00||02:00 — 24:00, 00:00 — 24:00|
|Thursday||02:00 — 24:00, 00:00 — 24:00||02:00 — 24:00, 00:00 — 24:00|
|Friday||02:00 — 22:00, 00:00 — 22:00||02:00 — 22:00, 00:00 — 22:00|
The personal composite trading instrument &BRENT/NOK is used for trade and dynamics analysis of Brent oil vs the Norwegian krone, as well as multi-year comparative analysis of oil quoted against various currencies. For example, by building a percentage chart in the NetTradeX terminal for three instruments &BRENT/NOK, &BRENT/EUR и #C-BRENT, (Fig. 1), it is evident that in the last two years (2013-2014) oil against the Norwegian krone declined significantly less than oil vs. the euro or oil vs. the USD.
Traders, whose main assets and investments are denominated in European currencies, will be comfortable trading this PCI.
To trade PCI instruments offered exclusively by IFC Markets, you need to open a free account and download the NetTradeX platform.