What then is time? If no one asks me, I know what it is.
If I wish to explain it to him who asks, I do not know.
Saint Augustine  

What is UTC time right now?

UTC or Coordinated Universal Time

Coordinated Universal Time or UTC is the world time standard. World time zones are defined as positive or negative offsets from UTC. UTC has replaced Greenwich Mean Time (GMT).

UTC stands for Coordinated Universal Time (in English) or Temps universel coordonné (in French).

UTC clocks have no daylight saving time. In countries and territories observing daylight saving time, the offset from UTC is changed twice a year.

UTC is based on International Atomic Time (TAI). TAI is a weighted average of signals from more than 200 atomic clocks located in about 70 science laboratories around the world.

Iceland and its capital Reykjavik always observe UTC time.

Wikipedia article about UTC: Coordinated Universal Time
Wikipedia article about GMT: Greenwich Mean Time

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