What time exactly is the forex rate set?
I am wondering what time does the trading on forex close so the ratios are know for the next day. Thanks
Public Response to 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.