LouisCribben
Registered User
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Question for dummies here.
You know with the stock exchange, trading goes on for say 9 hours a day, then it closes. A share price has an opening price, and a closing price, and there is no dealing outside working hours or at weekends.
Is it the same for currency markets ?
As an example, let's take Sterling - Euro.
The exchange rate changes every second during the working day as trades happen. Do the markets stay open during the night, are there trades going on at midnight and on Sundays ?
For example would it be a stupid question to ask what was the exchange rate between Euro Sterling at say 1:23am on Sunday 25 December ?
You know with the stock exchange, trading goes on for say 9 hours a day, then it closes. A share price has an opening price, and a closing price, and there is no dealing outside working hours or at weekends.
Is it the same for currency markets ?
As an example, let's take Sterling - Euro.
The exchange rate changes every second during the working day as trades happen. Do the markets stay open during the night, are there trades going on at midnight and on Sundays ?
For example would it be a stupid question to ask what was the exchange rate between Euro Sterling at say 1:23am on Sunday 25 December ?