What are the major foreign exchange markets in the world?

There are about more than 30 major foreign exchange markets in the world, which are spread across different continents and regions in the world.

According to the traditional geographical division, it can be divided into three parts: Asia, Europe and North America. Among them, the most important are Europe, London, Frankfurt, Zurich and Paris, New York and Losangeles in the Americas, Sydney in Australia, Tokyo in Asia, Singapore and Hongkong.

Each market has its fixed and unique characteristics, but all markets share a common character.

Markets are separated by distance and time, and they interact sensitively and independently.

When a center ends its business day after day, it sends orders to other centers, sometimes setting the tone for the opening of the next market.

These foreign exchange markets are centered around their cities and radiate other countries and regions.

Because of the different time zones, the foreign exchange markets are closed on business hours and are listed on the same line. They are integrated into one another through advanced communication equipment and computer networks. The participants in the market can trade around the world, and foreign exchange capital flows smoothly. The exchange rate differences between the markets are very small, forming a unified international foreign exchange market with global integration and all-weather operation.

Its simple situation can be seen in the following table: the market opening time (GMT) closing time (GMT) in Sydney, Hongkong, Tokyo, 12:00 20:00, Frankfurt, Paris, Paris, Frankfurt, Paris, New York, Paris, New York, Paris, Frankfurt, Paris, New York, Paris, Frankfurt, Paris, New York, Paris, Frankfurt, Paris and New York, respectively (GMT).