Commodity ratio · live
Nickel Futures to Butter Ratio
The nickel futures to butter ratio is 3.923 — Nickel Futures at $17,065.63 per Metric Ton divided by Butter at $4,350.00 per Metric Ton.
Prices as of Aug 24, 2026, 12:26 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Nickel Futures to Butter ratio
1.000 T of nickel futures = 3.923 T of butter
Inverse (BUTTER/NICKEL-FUT): 0.2549 — one Metric Ton of butter buys that much nickel futures.
Close to the middle of its 1 year range. (50th percentile of the last 1 year)
Nickel Futures
$17,065.63
per Metric Ton
Butter
€4,350.00
per Metric Ton
Unit basis: USD per Metric Ton ÷ EUR per Metric Ton. The ratio reads as Metric Tons of butter per Metric Ton of nickel futures. Prices as of Mon, 24 Aug 2026 12:26:32 GMT.
These two commodities are quoted in different currencies (USD and EUR). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
3.783
median 3.932
1Y low
2.178
Aug 24, 2025
1Y high
5.100
May 5, 2026
Normal band
3.066–4.500
mean ± 1 std dev
Deviation from mean
+0.20σ
363 observations
Nickel Futures to Butter ratio charts
Pick a range once — it applies to the NICKEL-FUT/BUTTER ratio line, the OHLC candles and the Nickel Futures / Butter price chart below.
NICKEL-FUT/BUTTER ratio line
How many T of Butter one T of Nickel Futures buys, over 1Y.
NICKEL-FUT/BUTTER ratio candles
Open, high, low and close of the NICKEL-FUT/BUTTER ratio for each period in the last 1Y.
Nickel Futures and Butter prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the nickel futures to butter ratio
Nickel Futures to Butter ratio = Nickel Futures price per Metric Ton ÷ Butter price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of butter per Metric Ton of nickel futures — rather than a plain count.
Worked example, live prices: $17,065.63 ÷ $4,350.00 = 3.923. The inverse is 0.2549.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the nickel futures to butter ratio today?
The nickel futures to butter ratio is 3.923 — Nickel Futures at $17,065.63 per Metric Ton divided by Butter at $4,350.00 per Metric Ton, from live mid-market prices.
How do you calculate the nickel futures to butter ratio?
Divide the nickel futures price per Metric Ton by the butter price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of butter per Metric Ton of nickel futures.
What is the inverse of the nickel futures to butter ratio?
The inverse, butter to nickel futures, is 0.2549 — how many Metric Tons of nickel futures one Metric Ton of butter buys.