May 20, 2010
What time exactly is the forex rate set?
Mick asked:
I am wondering what time does the trading on forex close so the ratios are know for the next day. Thanks
I am wondering what time does the trading on forex close so the ratios are know for the next day. Thanks
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Comments on What time exactly is the forex rate set?
the forex market is 24/7 even over the weekend when it closes for traders the market still moves up and down and the rates are changing by the second ,
Every milli-second (during trading hours)……………………
Forex is traded electronically in time zones all over the world, from Sunday 5pm to Friday 5pm New York time. There is no set spot price for a currency pair. It changes continuously. Banks and brokers can quote slightly different rates.