XAU/EUR: what to know
The XAU/EUR rate shows how much EUR you get for 1 XAU. Right now, 1 XAU buys 3,735.87 EUR at the mid-market rate. In the other direction, 1 EUR is worth 0.000267675 XAU.
In the short term XAU is driven mainly by real interest rates, the dollar and safe-haven demand, while EUR responds to ECB policy and eurozone growth.
The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
Available archived XAU/EUR observations within the last 365 days range from 3,628.66 to 3,812.08, with a -1.75% change from the first to the last available sample. This is not necessarily a full year of observations or an intraday range.
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.