EUR/XPD: what to know
The EUR/XPD rate shows how much XPD you get for 1 EUR. Right now, 1 EUR buys 0.000896 XPD at the mid-market rate. In the other direction, 1 XPD is worth 1,116.23 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while XPD responds to auto demand and tight supply.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. Palladium is used mainly in petrol-engine catalytic converters.
Over the past 12 months the EUR/XPD rate has ranged between 0.000545 and 0.001076 — a change of -5.87% 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.