Why do all the foreign exchange exchange rates change every minute and every second

For example: USD/yen is now 1: 130.1230, and the next second may be 1: 130.1234. Why do each currency change so frequently and change per second, and what is the exchange rate based on? Please be more detailed, thank you!

5 thoughts on “Why do all the foreign exchange exchange rates change every minute and every second”

  1. Because foreign exchange is a 24 -hour fluctuation market with continuity.
    In other words, the foreign exchange market is a 24 -hour market. The main fluctuations and transactions start work on Monday New Zealand to work on Friday in Chicago. There are also a small amount of foreign exchange transactions in the Middle East on weekends, but basically they can be ignored. So in summary, the foreign exchange market is a continuous trading market.
    The major foreign exchange market opening time (Beijing time):
    The foreign exchange market in Wellington, New Zealand: 04: 00-12: 00 (winter time); 05: 00-13: 00 (summer time system) Essence
    The foreign exchange market in Sydney, Australia: 06: 00-14: 00 (winter time); 07: 00-15: 00 (summer system).
    This Tokyo Foreign Exchange Market: 08: 00-14: 30
    Singapore Foreign Exchange Market: 09: 00-16: 00
    ); 15: 30-23: 30 (summer system).
    If Frankfurt Foreign Exchange Market: 15: 30-00: 30
    The foreign exchange market in New York, USA: 21: 20-04: 00 (winter time); 20: 30-03: 00 (summer period system)
    Hong Kong, China: 09: 00-16: 00

  2. Three upstairs are right. First of all, it is necessary to say that these currencies, yen, euro, pounds, and Canadian dollars, and Australian dollars are followed in the world. They are floating exchange rates. In other words, the central bank does not have absolute rights to stipulate what exchange rate is today and what exchange rate will be tomorrow. This exchange ratio is completely around the transactions in various markets.
    Is when a certain currency demand is large, it will appreciate. vice versa.
    The reason why they change frequently, the reason is the global foreign exchange market. The foreign exchange market is a global market. Although the foreign exchange market in various regions has a opening, the earth is closed, and there are markets that are closed in different markets. Therefore, the currency pairs you see are every minute change. Twenty -four hours. Except for weekends
    In the final analysis, they are still changes caused by supply and demand.

  3. I guess it is because the world is large and many people. The international trade is on every moment, so the bank’s account is changing at any time, so the ratio of currency ratio also changes at any time.

  4. The opening time of several major foreign exchange exchanges in the world has been settled at this time
    has formed a 24 -hour foreign exchange trading market
    The transaction is buying and selling. The supply and demand relationship has changed. Of course Will change

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