About Eur-Aud and Eur-Aud Trading
What type of currency pair is EUR/AUD?
The EUR/AUD is a minor currency pair, as it consists of a major currency (EUR – the Euro) and another currency (AUD – Australian Dollar).
The Australian Dollar is the quote currency, and the Euro is the base currency. The EUR/AUD currency pair shows traders how much the EUR is worth when compared to the AUD.
Drivers for the EUR/AUD currency pair
The EUR/AUD pair is affected by major factors such as supply and demand, interest rates, political stability, and economic growth.
How can you trade the EUR/AUD currency pair?
At CAPEX.com you can follow the EUR/AUD live chart to trade on the price movements of this currency pair through CFDs. If you think that prices will go up, you can open a long position (BUY). If you think prices will decrease, you can open a short position (SELL).
When can you trade the EUR/AUD pair?
Here at CAPEX.com you can trade the EUR/AUD pair from Sunday to Friday, between 21:05-20:55 GMT. If you cannot trade at those hours, you can always pick another currency pair, as we have more than 55 FX pairs available.
Is it better if the euro is higher or lower?
It depends on what currency pair you are trading, thus there is no universally accepted answer to this question.
What is the best day of the week to buy euros?
There's no such thing as the best day of the week to buy euros because the exchange rate is changing continuously and rates differ one day from the other.