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Forex Market Hours Map
OFX fees not included in the conversion amounts shown above. This fee may vary and OFX receives no portion of it. There are 3 major types of exchange rates systems which governments employ to determine the market value of their currencies.
With these tools, you can time your transfer, so your international payments go further. Interbank rates, also commonly referred to as market rates, are the official live conversion rates for a given currency pair. The interbank rate is the constantly fluctuating price at which banks trade currencies with each other. At OFX, our margins are substantially less, so the more you use our service the more you save.
More timezones are available at the bottom of this post. You can check out this brief video and understand the essence of Forex market hours and time zones. This video is part of our course Forex Trading A-Z. Now you can watch this part for FREE! If we go from right to left just as the sun rises — from East to West , then you will notice that the first session to open is the Sydney Forex Market session. Their Forex Market Hours are The Tokyo session follows shortly after.
This session is also called the Asian session, because right after Tokyo large economic hubs like Singapore and Hong Kong start waking up. The Asian session starts around This is why you often hear European traders talking about waking up at 3am to trade the Asian session before going back to bed. Also, you may have already noticed that some Forex sessions overlap quite significantly.
For example, the Australian session and Asian session. Moreover, by the time the Brits wake up, other major economic hubs like Frankfurt , Luxembourg and Zurich have already started into their Forex Market Hours for the day.
An interesting observation is that the Forex Market Hours of the Tokyo and London sessions overlap for approximately 1 hour varies for other European countries. You can and probably should! This means that all the crosses of European currencies and the JPY will have the highest volatility at the start of the European session.
Forex market hours of the US start with New York. What happens when you put more firewood into a fire?
It burns even harder. Of course, you are going to get an extremely fast-paced and volatile market! You can profit from this! The strategy is called Simple System v6.