As for the opening and closing we usually see, it's because your brokers or trading banks have to rest, and some brokers or trading banks don't rest all the year round, especially some banks in the United States, such as Citibank and Chase Bank, Barclays in the United Kingdom and National Westminster Bank. As long as you call the local branch, their call center system will be automatically transferred to the corresponding area.
Generally, the trading hours of foreign exchange treasure in domestic banks are from 9: 00 to 17: 00 (Beijing time) from Monday to Friday, and the settlement time is from 17: 00 to 18: 00. Of course, you can trade at other times from Monday to Friday.
Traditionally, trading in Asia started according to Japanese trading hours, namely 9: 00 am local time, 8: 00 Beijing time and 00: 00 GMT. The head office has options trading, and the trading time is limited to 10: 00 Beijing time.
Sydney foreign exchange market is the earliest foreign exchange trading market in the world every day, and the trading time is 6: 00- 14: 00 Beijing time. Usually, exchange rate fluctuations are relatively calm, and the trading varieties are mainly Australian dollars, New Zealand dollars and US dollars.
Trading hours in Tokyo foreign exchange market are about 8: 00-1:00 and 12: 30- 16: 00 Beijing time. The variety of transactions is relatively simple, mainly concentrated in the yen against the dollar and the yen against the euro. As a big exporter, Japan's import and export trade balance is relatively concentrated, and it is easily disturbed.
The trading hours in the London foreign exchange market are from 17: 00 Beijing time to 1: 00 the next day. There are many kinds of currencies, often more than 30 kinds, of which the largest transaction volume is pound against dollar, followed by pound against euro, Swiss franc and Japanese yen. In the foreign exchange market in London, almost all major international banks have branches here. Because of its connection with the trading hours in new york foreign exchange market, the most active period of major currency fluctuations is from 2 1: 00 to the next day 1: 00.
Trading hours in new york foreign exchange market are from 2 1: 00 to 4: 00 the next day. It is one of the important international foreign exchange markets, and its daily trading volume is second only to London. At present, more than 90% of US dollar transactions in the world are finally settled through the inter-bank clearing system in new york, so new york's foreign exchange market has become the international settlement center of US dollars. In addition to the US dollar, the trading currencies of major currencies are euro, pound, Swiss franc, Canadian dollar and Japanese yen.
According to statistics, the average daily trading volume of the international foreign exchange market is about10.5 trillion US dollars, among which new york, Tokyo and London are the largest trading centers in the world.
The following are the opening and closing times of major foreign exchange trading markets in Beijing time: (Note that European and American countries implement daylight saving time)
Opening hours and closing hours of cities
5: 00 13: 00 in Wellington
Sydney -07: 00- 14: 00
Tokyo -08: 00- 14: 00
Hong Kong -09: 00- 16: 00
Singapore -09: 00- 16: 00
Frank-15: 00-23: 00 (winter time 16:00-00:00)
London-15: 30-23: 30 (winter time 16:30-00:30)
New york -20: 20-03: 00 (winter time 2 1:20-04:00)