South African Rand vs Japanese Yen - ZAR JPY Trading


&ZARJPY

Instrument - &ZARJPY

Type - PCI

Structure - Currency

South African Rand vs Japanese Yen Investing

ZARJPY
Status: Closed Trading
Change:
Prev. closing
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Open price
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Today, max.
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Today, min.
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Change, daily
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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.

Created by professionals for professionals

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:

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?

&ZARJPYAssetVolume / 1 PCIPercentageVolume (USD) / 1 PCIUnit of measurеment
Base part1ZAR1.00000.0000.0900ZAR
Quoted part1JPY1.0000.00000.0100JPY
  • 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
  • 100000
  • 0.0001
  • 85.63 USD

Creation date

2014-11-27
StandardBeginnerDemo
Spread
in pips
000
Order distance
in pips
---
Swap (long/short) in pips on Vol8.539 / -19.6398.539 / -19.6398.539 / -19.639
Available
volumes
>=116820.301168.20 – 1167453.00>=1168.20
The value of 1 pip in USD for the Vol000
Week dayTrading hours (CET)Local trading hours
Monday 00:00 — 24:0000:00 — 24:00
Tuesday00:00 — 24:0000:00 — 24:00
Wednesday00:00 — 24:0000:00 — 24:00
Thursday00:00 — 24:0000:00 — 24:00
Friday00:00 — 22:0000:00 — 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.

South African Rand vs Yen
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.