Each emerging market currency has an optimal trading window shown below under "Hours of Most Liquidity." During these hours, trading activity peaks and price discovery is most efficient. Outside these windows, price quotes tend to be more indicative and have wider confidence intervals.
Please note Pyth Market hours have been restricted to local market hours for the following currencies: USD/BRL, USD/COP, USD/CLP, USD/PEN.
| Currency | Pyth Market Hours | Hours of Most Liquidity |
|---|---|---|
| USD/CNH (Offshore Chinese Yuan) | 6PM (Previous Day) - 5PM ET | 8AM-11PM CST |
| USD/INR (Indian Rupee) | 6PM (Previous Day) - 5PM ET | 9AM-5PM IST |
| USD/IDR (Indonesian Rupiah) | 6PM (Previous Day) - 5PM ET | 8AM-4PM WIB |
| USD/KRW (Korean Won) | 6PM (Previous Day) - 5PM ET | 9AM-3:30PM KST |
| USD/PHP (Philippine Peso) | 6PM (Previous Day) - 5PM ET | 9AM-4PM PHT |
| USD/TWD (Taiwan Dollar) | 6PM (Previous Day) - 5PM ET | 9AM-4PM TST |
| USD/BRL (Brazilian Real) | 9AM-6PM BRT | |
| 8AM-5PM ET | ||
| 9AM-6PM BRT | ||
| USD/COP (Colombian Peso) | 8AM-1PM COT | |
| 9AM-2PM ET | 8AM-1PM COT | |
| USD/CLP (Chilean Peso) | 9AM-4PM CLT | |
| 9AM-4PM ET | ||
| 9AM-4PM CLT | ||
| USD/PEN (Peruvian Sol) | 9AM-2PM PET | |
| 10AM-3PM ET | 9AM-2PM PET | |
| USD/MXN (Mexican Peso) | 6PM (Previous Day) - 5PM ET | 1AM-3:30PM CST |
| USD/TRY (Turkish Lira) | 6PM (Previous Day) - 5PM ET | 10AM-6PM TRT |
| USD/ZAR (South African Rand) | 6PM (Previous Day) - 5PM ET | 9AM-5PM SAST |