Amana Capital: Are foreign exchange markets closed
  Source:Amana Capital 2023-01-04 11:50:12
Description:

Is the foreign exchange market closed on weekends? Many investors log in to their foreign exchange trading platform on weekends and find that they cannot trade, but sometimes they see that the market is indeed fluctuating during the weekend, so they have this question. Below, the editor will introduce to investors whether the foreign exchange market is closed on weekends and the reasons for fluctuations in the market.


Is the foreign exchange market closed on weekends? Firstly, it can be clearly stated that the foreign exchange market is closed on weekends. The quotations of foreign exchange trading platforms come from cooperating banks and trading institutions, which are closed on weekends. Therefore, foreign exchange trading platforms are unable to obtain quotations on weekends and will be closed.


So why do investors see fluctuations in the foreign exchange market on weekends? Usually, in the perception of investors, the trading hours of the foreign exchange market are from 4am on Monday to 4am on Saturday, Beijing time. But the fact is not that, the global foreign exchange market is also fluctuating on Saturdays and Sundays. This is mainly because Arab countries only rest on Fridays, work on Saturdays and Sundays, and their foreign exchange markets are still fluctuating.


Therefore, in general, on Saturdays and Sundays, foreign exchange transactions in the market will be directly transferred to Dubai's foreign exchange trading center. Although the trading volume is very small, it can also have a certain impact on foreign exchange prices.


There may be some minor fluctuations in foreign exchange over the weekend, but due to the relatively small overall foreign exchange trading volume in Arab countries, it is almost impossible to have an impact on the overall foreign exchange market exchange rate. Therefore, investors do not need to worry about the impact.