EUR/XAU: what to know
The EUR/XAU rate shows how much XAU you get for 1 EUR. Right now, 1 EUR buys 0.000260 XAU at the mid-market rate. In the other direction, 1 XAU is worth 3,850.13 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while XAU responds to real interest rates, the dollar and safe-haven demand.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au.
Over the past 12 months the EUR/XAU rate has ranged between 0.000221 and 0.000324 — a change of -19.82% versus a year ago.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.