XPD/XAU: what to know
The XPD/XAU rate shows how much XAU you get for 1 XPD. Right now, 1 XPD buys 0.2997 XAU at the mid-market rate. In the other direction, 1 XAU is worth 3.3372 XPD.
In the short term XPD is driven mainly by auto demand and tight supply, while XAU responds to real interest rates, the dollar and safe-haven demand.
Palladium is used mainly in petrol-engine catalytic converters. The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au.
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.