About this pair
USD/XPD: what to know
The USD/XPD rate shows how much XPD you get for 1 USD. Right now, 1 USD buys 0.000767283 XPD at the mid-market rate. In the other direction, 1 XPD is worth 1,303.30 USD.
In the short term USD is driven mainly by Fed policy, US growth and global risk appetite, while XPD responds to auto demand and tight supply.
The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars. Palladium is used mainly in petrol-engine catalytic converters.
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.