Friday, 29 July 2011
Forex Market Hours: Can you change money 24 / 7?
The forex market hours extend from Monday morning in Sydney, Australia on Friday afternoon in New York. Meanwhile, the market is open somewhere around the globe at any time of day or night.
However, it is not a market of 24 / 7, because it closed on weekends. 24 / 5 would be more accurate.
If you need to know the exact times that the markets open and close, you must take into account time zones. It is very simple when expressed in UTC. This is Coordinated Universal Time, formerly known as Greenwich Mean Time. This is the standard (winter) Greenwich Mean Time, London, which is the point of zero longitude on the globe.
Thus, the normal hours of foreign exchange market are UTC Sunday
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