The main foreign exchange markets are characterized by what?
While the international foreign exchange market is a round the clock 24-hour continuous operation of the market, a market, exchange rate fluctuations can quickly spread to other markets, but each one has its own market has different characteristics.
Sydney foreign exchange market as the world’s first opening day, the foreign exchange markets, the transaction time is about 6:00-14:00 (Beijing time). Exchange rate fluctuations are usually relatively calm trading varieties to Australian, New Zealand dollar and U.S. dollar-based.
Tokyo foreign exchange market transactions are more a single species, mainly in the yen against the dollar and the yen against the euro. Japan, as a major exporter of receipt and payment of its foreign trade is more concentrated, and therefore has the characteristics of vulnerable to interference. Transaction time is about Beijing’s 8:00-11:00 and 12:30-16:00.
London foreign exchange market trading currency numerous, it is often more than 30 kinds, including the largest transaction for the pound against the U.S. dollar trading, followed by the pound against the euro, Swiss franc and Japanese yen. Its transaction time is about 17:00 GMT to 1:00 the next day. London foreign exchange market, almost all major international banks
In the branches, because of its foreign exchange market in New York trading hours convergence together, so the daily 21:00 to 1:00 the next day is the most active of all the major currency fluctuations in the stage.
New York foreign exchange market is an important international currency markets in the world, its daily trading volume second only to London. Now account for more than 90% of global U.S. dollar transactions in the end through the New York inter-bank settlement system for clearing, the New York foreign exchange market the U.S. dollar in international clearing house. In addition to U.S. dollar, the currencies of major trading currencies order of euro, sterling, Swiss franc, Canadian dollar, Japanese yen and so on. Of its trading hours the next day about 4:00 to 21:00 GMT


















