The average pay for a Foreign-Exchange Dealer is £7.35 per hour.
The average pay for a Foreign-Exchange Dealer is £30,339 per year.
|Salary||£19,592 - £86,500|
|Bonus||£750 - £40,000|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|£15,568 - £89,203|
Job Description for Foreign-Exchange Dealer
Foreign exchange dealers market and sell monetary exchange strategies to clients, as well as conduct currency exchanges themselves. They may work independently or for a company with a high volume of currency exchanging transactions, but typically work for a bank or intentional money exchange.Read More...
Foreign exchange dealers must have excellent knowledge of the foreign currency markets, currency rates, and have superior mathematics and quantitative skills. They should also have sales experience and superior interpersonal skills, as they must work with clients selling and developing targeted currency exchange solutions. Foreign exchange dealers work normal banking type business hours, though some work extended business hours when working with international markets which operate in multiple timezones.
A Bachelor’s degree in Business, Finance, Marketing, or equivalent sales training is required and employers typically want at least one to three years of relevant experience. Foreign exchange dealers work in offices or bank buildings, sometimes as part of a sales team, and will usually have a supervisor to whom they report regularly. Some in this position do not work with clients, but instead work in (or oversee) currency-trading for a bank, broker, or currency investment fund. Some states may require foreign exchange dealers to hold a professional broker's or trader's license, especially those conducting trades. Some employers may require fluent foreign language skills and most require advanced knowledge of global economics and foreign markets.
Foreign exchange dealers may have to travel long distances to conduct business and meet with clients, though many provide solutions for domestic companies and do not deal directly with foreign business outside the exchange sector. (Copyright 2019 PayScale.com)
- Strategize , complete, and record daily trading.
- Carry out rate surveys and aid in determining exchange rate.
- Network with clients and key figures in the market.
- Track and update exchange rates and profitability and generate reports.
Foreign-Exchange Dealer Job Listings
Key Stats for Foreign-Exchange Dealer