South African Rand vs Japanese Yen - ZAR JPY Trading
Instrument - &ZARJPY
Type - PCI
South African Rand vs Japanese Yen Investing
South African Rand vs Yen Description
The personal composite instrument «&ZARJPY» reflects the price dynamics of South African Rand against Yen. The base part of this instrument is composed of 1 South African rand and the quoted part – 1 Japanese yen. The asset percentage content of the instrument is estimated on the basis of asset prices on the instrument creation date.
The trading instrument &ZARJPY is used for the analysis and trade of the currency cross rate of the South African rand and Japanese yen. The dynamics of this cross rate is an important indicator of the currency markets of the trading partners – SAR and Japan.
Please, choose the section:
PCI Components and their volume
PCI main trading conditions
PCI active trading hours
How can PCI be applied in trading?
|&ZARJPY||№||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
- 85.63 USD
|Swap (long/short) in pips on Vol||8.539 / -19.639||8.539 / -19.639||8.539 / -19.639|
|>=116820.30||1168.20 – 1167453.00||>=1168.20|
|The value of 1 pip in USD for the Vol||0||0||0|
|Week day||Trading hours (CET)||Local trading hours|
|Monday||00:00 — 24:00||00:00 — 24:00|
|Tuesday||00:00 — 24:00||00:00 — 24:00|
|Wednesday||00:00 — 24:00||00:00 — 24:00|
|Thursday||00:00 — 24:00||00:00 — 24:00|
|Friday||00:00 — 22:00||00:00 — 22:00|
The personal trading instrument &ZARJPY is used for trade and dynamics analysis of South African rand vs the Japanese yen, as well as multi-year comparative analysis of the dynamics of major world currencies against Yen. For example, by building a percentage chart in the NetTradeX terminal for 5 currencies (EUR, USD, AUD, RUB, ZAR) against Yen, (Fig. 1), it is evident that in the last 4 years the USD gained the most against Yen (+40%), while the Turkish lira, South African rand and Ruble fell against Yen. Furthermore, in 2014 Ruble fell against Yen while South African rand gained against Yen.
To trade PCI instruments offered exclusively by IFC Markets, you need to open a free account and download the NetTradeX platform.