The main exchange centers are new York and London, although Tokyo, Hong Kong and Singapore are also also important centers. Banks world siget. Currency exchange severing ly throughout the day; The Asian session ed, the European session began, followed by the North American session and then return ed to Asian session, except for the weekends. Due to the nature of off-exchange (OTC) trading of money markets, there are a number of the not-for-be markets where moneys are traded. This there s it is not single exchange rate rather a number of different rates (prices), the sing on what the bank or market maker is trading, and where it is. In fact the rates are quite quite to be the spread. Due to London's dominance in this market, the quoted price of a d'fsu currency is usually the London market price. ...
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