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Average Salary
Updated: 05/21/2013
Foreign-Exchange Dealer: Negotiates purchase and sale of foreign exchange drafts on foreign exchange market and calculates US dollar equivalents. Maintains bank's balances on deposit in foreign banks to ensure foreign exchange position, and negotiates prices at which such exchanges shall be purchased... [+] More
Foreign-Exchange Dealer: Negotiates purchase and sale of foreign exchange drafts on foreign exchange market and calculates US dollar equivalents. Maintains bank's balances on deposit in foreign banks to ensure foreign exchange position, and negotiates prices at which such exchanges shall be purchased and sold, based on demand, supply, and stability of currency. Determines foreign exchange rates, referring to international bank market rate.
Establishes local rates based upon international bank rates, size of transaction involved, stability of market, and bank's balances available to fund customer requirements. Adjusts deposit balances with foreign banks. May direct foreign exchange personnel in transactions relating to international monetary business. (Source: eDOT Job Description) [-] Less
Cost of Living Data
A renter's cost of living for someone making $124,181 in Cypress, California is 117.4% of the US National Average. For more information, or to compare cost of living data between two cities, click here.
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