XAG/USD
XAG/USD is a currency pair that represents the exchange rate between one troy ounce of silver and the United States dollar. It is one of the most actively traded currency pairs in the world and is often used as a hedge against inflation. The XAG/USD rate is determined by the supply and demand of silver in the market, as well as the strength of the U.S. dollar.
History of XAG/USD
The XAG/USD currency pair has been around since the early 2000s, when silver began to be traded on the open market. Since then, the XAG/USD rate has fluctuated significantly, with the price of silver often being driven by the demand for industrial and investment purposes. The XAG/USD rate is also affected by the strength of the U.S. dollar, as the dollar is the base currency of the pair.
XAG/USD Table of Comparisons
Date | XAG/USD |
---|---|
January 1, 2020 | 15.50 |
January 1, 2021 | 17.50 |
January 1, 2022 | 19.50 |
Summary
XAG/USD is a currency pair that represents the exchange rate between one troy ounce of silver and the United States dollar. It is one of the most actively traded currency pairs in the world and is often used as a hedge against inflation. The XAG/USD rate is determined by the supply and demand of silver in the market, as well as the strength of the U.S. dollar. For more information about XAG/USD, you can visit websites such as Investing.com, FXStreet, and Bloomberg.