Avg. Base Salary (USD)
The average salary for a Foreign-Exchange Dealer is $60,397 in 2023
What is the Pay by Experience Level for Foreign-Exchange Dealers?
An early career Foreign-Exchange Dealer with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $45,000 based on 11 salaries. A mid-career Foreign-Exchange Dealer with 5-9 years of experience earns an average total compensation of $71,000 based on 6 salaries. An experienced …Read more
What Do Foreign-Exchange Dealers Do?
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.
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 …Read more
- 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.
How do Foreign-Exchange Dealers Rate Their Jobs?
FAQs About Foreign-Exchange Dealers
What is the highest pay for Foreign-Exchange Dealers?
Our data indicates that the highest pay for a Foreign-Exchange Dealer is $151k / year
What is the lowest pay for Foreign-Exchange Dealers?
Our data indicates that the lowest pay for a Foreign-Exchange Dealer is $34k / year
How can Foreign-Exchange Dealers increase their salary?
Increasing your pay as a Foreign-Exchange Dealer is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Foreign-Exchange Dealer that oversees more junior Foreign-Exchange Dealers, this experience can increase the likelihood to earn more.