In the major foreign exchange trading hours, the market participation is high, and the major markets trade at the same time, so the intraday trend is strong. The trading volume and liquidity are also much higher than those in the Asian market.

Exchange rate, also called exchange rate, exchange rate or foreign exchange quotation, is the price of another country's currency expressed in one country's currency. As an exchange rate, exchange rate reflects the comparative relationship of currency values in different countries. The determination of this ratio plays an important role in international communication.