Commodity ratio · live
Olive Oil to Magnesium Ratio
The olive oil to magnesium ratio is 0.3660 — Olive Oil at $6,185.22 per Metric Ton divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 12:15 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Olive Oil to Magnesium ratio
1.000 T of olive oil = 0.3660 T of magnesium
Inverse (MG/OLVOIL): 2.732 — one Metric Ton of magnesium buys that much olive oil.
Olive Oil
$6,185.22
per Metric Ton
Magnesium
¥16,900.00
per Metric Ton
Unit basis: USD per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Metric Ton of olive oil. Prices as of Mon, 24 Aug 2026 12:15:42 GMT.
These two commodities are quoted in different currencies (USD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
Olive Oil to Magnesium ratio charts
Pick a range once — it applies to the OLVOIL/MG ratio line, the OHLC candles and the Olive Oil / Magnesium price chart below.
OLVOIL/MG ratio line
How many T of Magnesium one T of Olive Oil buys, over 1Y.
No overlapping history for OLVOIL/MG over 1Y. Try a longer range.
OLVOIL/MG ratio candles
Open, high, low and close of the OLVOIL/MG ratio for each period in the last 1Y.
No overlapping history for OLVOIL/MG over 1Y. Try a longer range.
Olive Oil and Magnesium prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the olive oil to magnesium ratio
Olive Oil to Magnesium ratio = Olive Oil price per Metric Ton ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per Metric Ton of olive oil — rather than a plain count.
Worked example, live prices: $6,185.22 ÷ $16,900.00 = 0.3660. The inverse is 2.732.
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 olive oil to magnesium ratio today?
The olive oil to magnesium ratio is 0.3660 — Olive Oil at $6,185.22 per Metric Ton divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the olive oil to magnesium ratio?
Divide the olive oil price per Metric Ton by the magnesium 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 magnesium per Metric Ton of olive oil.
What is the inverse of the olive oil to magnesium ratio?
The inverse, magnesium to olive oil, is 2.732 — how many Metric Tons of olive oil one Metric Ton of magnesium buys.