The graph below is a comparison of Foreign-Exchange Dealer in 10 different cities, as provided by the free SalaryExpert® Salary Calculator. If you are a professional who requires compensation survey data for your work please consult ERI Economic Research Institute's Salary Assessor.
Average Salary
Updated: 05/19/2013
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
View "Foreign-Exchange Dealer" salary data in different locations