About EUR/USD
EUR/USD is the exchange rate between the euro and the US dollar and the most heavily traded currency pair in the world. It shows how many US dollars one euro buys.
The interbank forex market runs 24 hours on weekdays but closes from Friday evening until Sunday evening New York time. WeekendIndex shows a live EUR/USD rate 24/7, implied from continuously-traded markets, so you can follow it overnight and at the weekend. These are implied market prices, not official interbank fixings.
Frequently asked questions
Can I see the EUR/USD rate on weekends?
Yes. The interbank forex market closes from Friday evening until Sunday evening New York time, so the official EUR/USD rate stops updating. WeekendIndex shows a live EUR/USD rate 24/7, so you can check it on Saturday and Sunday.
Where does this EUR/USD rate come from?
It is implied from markets that trade the same currencies around the clock, cross-checked across venues. It is an implied market rate, not an official interbank fixing, and it can differ slightly from where the pair reopens.
Why is EUR/USD moving when the forex market is closed?
Because the markets it is derived from never stop trading. EUR/USD often reacts to weekend news before the interbank market reopens on Sunday evening, which is why it is useful to watch when forex is shut.
