What time exactly is the forex rate set?

May 20, 2010 3 Comments

Mick asked:


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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3 Responses to “What time exactly is the forex rate set?”

  1. DR X May 22, 2010 at 5:22 am

    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 ,

  2. Common Sense May 24, 2010 at 12:17 am

    Every milli-second (during trading hours)……………………

  3. AnIsland May 24, 2010 at 11:32 am

    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.