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The foreign exchange market (forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
In business, the trading day or regular trading hours (RTH) is the time span that a stock exchange is open, as opposed to electronic or extended trading hours (ETH). For example, the New York Stock Exchange is, as of 2020, open from 9:30 AM Eastern Time to 4:00 PM Eastern Time. Trading days are usually Monday through Friday.
In floating exchange rate regimes, exchange rates are determined in the foreign exchange market, [6] which is open to a wide range of different types of buyers and sellers, and where currency trading is continuous: 24 hours a day except weekends (i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday).
Exchange rates change throughout the day as global markets open and close, and banks typically update their rates each morning. While perfect market timing isn’t possible, you can avoid common ...
Market cap (USD tn) Monthly trade volume (USD bn) Time zone Δ DST Open hours (local time) UTC, winter only Open Close Lunch Open Close New York Stock Exchange: XNYS United States: New York City: 31.64: 1,452 EST/EDT: −5:00 Mar–Nov 09:30 16:00 No 14:30 21:00 Nasdaq (US) XNAS United States: New York City: 30.12: 1,262 EST/EDT −5:00 Mar ...
Since 1985, the regular trading hours for major exchanges in the United States, such as the New York Stock Exchange and the Nasdaq stock market, have been from 9:30 a.m. to 4:00 p.m. Eastern Time (ET). [3] Pre-market trading occurs from 4:00 a.m. to 9:30 a.m. ET, although the majority of the volume and liquidity come to the pre-market at 8:00 a ...