Trading time (UK time) 10:00 PM Sunday - 10:00 PM Friday
* Only if Margin Level > 100%
The spreads provided are a reflection of the time-weighted average from 09:00AM - 21:00 PM (GMT) for the period of 01/8/2019 – 25/8/2019. Though TNXTrade attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal forex trading conditions. TNXTrade has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The AUD/DKK currency combination is not widely traded but that doesn’t mean there is no place for it in your portfolio. Volatile and high-risk, the performance of the pairing is reliant upon the erratic correlation between the Danish krone and the Australian dollar. Although widely considered to be a gamble, the pair can deliver some significant profits when wielded by experienced hands.
Even though AUD/DKK does not reach the rand, peso or rouble in terms of volatility but the average of 500-700 pips per day is not a joke. Sometimes this value can exceed even 1000 pips per day.
Despite the fact that Denmark is poor in mineral resources and occupies a small area with not the most favorable climatic conditions, the country has a highly developed economy and a high standard of living. Plus, large sums are invested in high technology and medicine.
If you are interested in trading the AUD/DKK currency pair, contact TNXTrade today and open account in several minutes.
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