Brent Crude vs Norwegian Krone - Brent NOK Trading


Buy BRENT-NOK with

Market Exchange Rate

BRENT-NOK
Status:Closed Trading

Description

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:

Structure

PCI Components and their volume

Parameters

PCI main trading conditions

Trading hours

PCI active trading hours

Application field

How can PCI be applied in trading?

&BRENT/NOKAssetVolume / 1 PCIPercentageVolume (USD) / 1 PCIUnit of measurеment
Base part1#C-BRENT1.00000.06062.9300barrels
Quoted part1NOK1.0000.00000.1300NOK
  • 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
  • 100
  • 0.001
  • 105.00 USD

Creation date

2015-04-23
StandardBeginnerDemo
Spread
in pips
573573573
Order distance
in pips
---
Swap (long/short) in pips on Vol-0.884 / -1.372-0.884 / -1.372-0.884 / -1.372
Available
volumes
>=190.7510.00 – 1000.00>=10.00
The value of 1 pip in USD for the Vol0.01280.01280.0128
Week dayTrading hours (CET)Local trading hours
Monday 02:00 — 24:00, 00:00 — 24:0002:00 — 24:00, 00:00 — 24:00
Tuesday02:00 — 24:00, 00:00 — 24:0002:00 — 24:00, 00:00 — 24:00
Wednesday02:00 — 24:00, 00:00 — 24:0002:00 — 24:00, 00:00 — 24:00
Thursday02:00 — 24:00, 00:00 — 24:0002:00 — 24:00, 00:00 — 24:00
Friday02:00 — 22:00, 00:00 — 22:0002:00 — 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.

Brent vs Norwegian krone

Fig.1

Traders, whose main assets and investments are denominated in European currencies, will be comfortable trading this PCI.

Limit volumes (USD) for base and quoted parts = 100000.00 ; 100000.00.

To trade PCI instruments offered exclusively by IFC Markets, you need to open a free account and download the NetTradeX platform.

PCI &BRENT/NOK Download