Foreign Exchange Dealer

Maintain banks' balances on deposits in foreign banks.
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Quick Stats


Salary Range
$76,000 – $142,000

Data from U.S. Department of Labor

What do Foreign Exchange Dealers do?

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: Refers to international bank market rate to determine foreign exchange rates. Establishes local rates based upon international bank rates, size of transaction involved, stability of market, and bank’s balances available to fund customer requirements. Negotiates purchase and sale of foreign exchange drafts on foreign exchange market and calculates U.S. dollar equivalents, using calculator or computer. Adjusts deposit balances with foreign banks. May direct foreign exchange personnel in transactions relating to international monetary business.

Should I be a Foreign Exchange Dealer?

You should have a bachelor's degree or higher and share these traits:
  • Team Player: You're able to listen, communicate, and work with tons of different people.
  • Trustworthy: You are known for your personal integrity and honesty.
  • Detail Oriented: You pay close attention to all the little details.

  • How to become a Foreign Exchange Dealer

    We recommend at least a Bachelor's degree. Check out these schools offering Foreign Exchange Dealer-related education!
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