Cloanto   Home     Products & Services     Purchase     Support     Search: Go
Currency System :: Support :: Knowledge Base
System Overview
Currency Server
Managed Services
Web Tools
Calculators
Purchase
Support
:: Overview
:: FAQ
:: Troubleshooting
:: White Papers
:: Internationalization
:: The Euro
:: Currency Codes
:: Web Links
:: Support Plans
:: Contact
 
TITLE

International Holidays

 
TOPIC

Q: Are official exchange rates updated every day?

 
DISCUSSION

A: Official rates by national central banks in most Western countries are usually published daily Monday to Friday, except on holidays. On days where rates are not published, like on weekends, the last-published rates remain in effect.

Internationally recognized public holidays (bank holidays) include:

  • January 1st (New Year's Day)
  • Good Friday (the Friday preceding Easter Sunday in Western Christianity)
  • Easter Monday (Western Christianity)
  • May 1st (Labor Day)
  • December 25 and 26

On these closing days many settlement systems, including TARGET (Trans-European Automated Real-time Gross settlement Express Transfer), are not available, and rates are not published.

Central banks in Russia and some other countries follow an extended New Year break from the end of December or early January to the Orthodox Christmas Day on or near January 7.

Some central banks follow a Muslim Sunday-Thursday workweek.

Related Links

 
Article Information
Article ID: 17-112
Platform: All
Products: Managed Services
Additional Keywords: CCBM, EONIA
Last Update: 2014-04-14
Your feedback is always appreciated. It is safe to link to this page.
© 1998-2017 Currency System, Inc. and Cloanto Corporation. All rights reserved.     Legal     Privacy