🇦🇺 Sydney
Session08:00 – 17:00 local
How did currencies move?
NZD/USD Rises Most
ECB reference rates, Oct 16 vs Oct 15NZD/USD was the biggest mover, up 1.13% versus the previous fixing at 0.5664, while EUR/USD rose 0.40%, GBP/USD 0.67%, AUD/USD 0.70%, USD/JPY 0.03% and USD/CHF fell 0.75%, USD/CAD down 0.32%; five of seven pairs were higher and two lower.
AI-generated description of the ECB's daily euro reference rates only — not analysis or investment advice.
Trading Sessions
Forex trades 24 hours a daySunday 5 PM to Friday 5 PM ET, without a break.
🇯🇵 Tokyo
Session09:00 – 18:00 local
🇬🇧 London
Session08:00 – 17:00 local
🇺🇸 New York
Session08:00 – 17:00 local
US Dollar Reference Rates
Daily fixing · 2026-10-16EUREuro0.8887
GBPBritish pound0.7499
JPYJapanese yen158.02
CHFSwiss franc0.8240
CADCanadian dollar1.4161
AUDAustralian dollar1.4370
NZDNZ dollar1.7656
CNYChinese yuan6.6862
INRIndian rupee94.9600
MXNMexican peso18.3835
BRLBrazilian real5.0828
KRWSouth Korean won1332.10
SEKSwedish krona9.9040
NOKNorwegian krone9.4410
DKKDanish krone6.6425
PLNPolish złoty3.8834
ZARSouth African rand16.4338
SGDSingapore dollar1.2792
HKDHong Kong dollar7.8482
TRYTurkish lira49.5270
1 US dollar in each currency, at the latest daily reference fixing — not live tradable quotes. Source: European Central Bank reference rates via Frankfurter.
Frequently Asked Questions
Is the forex market open right now?
The status pill at the top of this page answers live: forex trades continuously from Sunday 5:00 PM to Friday 5:00 PM New York time. Within that window at least one major session (Sydney, Tokyo, London or New York) is always active.
When does forex open on Sunday?
The market opens Sunday at 5:00 PM New York time, when Sydney's Monday-morning session begins. In practice liquidity stays thin until Tokyo joins a few hours later.
What are the forex session times?
Sydney trades roughly 8 AM–5 PM local, Tokyo 9 AM–6 PM local, London 8 AM–5 PM local, and New York 8 AM–5 PM local. Because each is defined in local time, daylight-saving changes in each country shift how the sessions overlap during a few weeks each year.
What is the London–New York overlap?
The window (roughly 8 AM–12 PM New York time) when both the London and New York sessions are active. It is generally the busiest period of the trading day, with deep liquidity and tight spreads.
Is forex open on holidays?
Mostly yes — forex is a decentralized market with no exchange to close. Christmas Day and New Year's Day come closest to shutting it, because banks in most countries are closed. National bank holidays (Thanksgiving, UK bank holidays, Japanese national days) leave the market open but tend to thin the affected session's liquidity — this page flags those days on each session card.
Does daylight saving time change forex hours?
The weekly open and close anchor to 5 PM New York time, so they move with US daylight saving. Session overlaps shift too: the US, UK and Australia change their clocks on different dates, so for a few weeks each spring and autumn the usual overlaps stretch or shrink by an hour.