What are forex trading hours in South Africa time?
What are the forex trading hours in South Africa time? Before we answer this question, we need to look at a typical trading week in the forex markets. In local time, the forex market opens in Sydney, Australia at 7am Monday morning and closes in New York, USA at 5pm Friday night.
This results in an overextended trading week with Sydney being 14 hours ahead of New York.
Picture 1. Three-market session overlap. Image by Sabrina Jiang © Investopedia 2020
The three main time zones
We start the trading week in Sydney Australia. This time zone is commonly known as the APAC trading session. APAC stands Asian Pacific. The main countries whose currencies are traded within this period are Australia (AUD), China (CNY), India (INR), Japan (JPY), New Zealand (NZD), and Thailand (THB).
Then we have the European session. The main countries whose currencies are traded within this period are Great Britain (GBP), Europe (EUR), Switzerland (CHF), Norway (NOK), Sweden (SEK) and Denmark (DKK).
And lastly, we have the US trading session. The main countries whose currencies are traded within this period are USA (USD), Canada (CAD) and Mexico (MXN).
Picture 2. Forex trading
APAC time zone in SA
Sydney trading hours in local time are 7.00am to 4.00pm. SA 11.00pm to 8.00am
Tokyo trading hours in local time are 9.00am to 6.00pm. SA 2.00am to 11.00am
European time zone in SA
European trading hours in local time are 7.00am to 4.00pm. SA 7.00am to 4.00pm
London trading hours in local time are 8.00am to 5.00pm. SA 9.00am to 6.00pm
US time zone in SA
US trading hours in local time are 8.00am to 5.00pm. SA 2.00pm to 11.00pm
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