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The AUD/DKK currency combination is not widely traded but that doesn’t mean there is no place for it in your portfolio. Volatile and high-risk, the performance of the pairing is reliant upon the erratic correlation between the Danish krone and the Australian dollar. Although widely considered to be a gamble, the pair can deliver some significant profits when wielded by experienced hands.
Even though AUD/DKK does not reach the rand, peso or rouble in terms of volatility but the average of 500-700 pips per day is not a joke. Sometimes this value can exceed even 1000 pips per day.
Despite the fact that Denmark is poor in mineral resources and occupies a small area with not the most favorable climatic conditions, the country has a highly developed economy and a high standard of living. Plus, large sums are invested in high technology and medicine.
If you are interested in trading the AUD/DKK currency pair, contact FxPro today and open account in several minutes.
client accounts
FxPro has been providing online trading services to clients since 1999 and it currently serves 173 countries worldwide.
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