Forex Rates Homepage

Question: What time exactly is the forex rate set?

(Posted by: Mick on 2008-12-28 14:35:23)

I am wondering what time does the trading on forex close so the ratios are know for the next day. Thanks

Posted by: AnIsland on 2008-12-30, 22:00:26

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.

Posted by: DR X on 2008-12-28, 17:11:43

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 ,

Posted by: Common Sense on 2008-12-28, 18:33:32

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