Post job

What is a foreign exchange clerk and how to become one

Updated January 8, 2025
2 min read
There is more than meets the eye when it comes to being a foreign exchange clerk. For example, did you know that they make an average of $44.43 an hour? That's $92,420 a year! Between 2018 and 2028, the career is expected to grow -12% and produce -43,700 job opportunities across the U.S.
ScoreForeign Exchange ClerkUS Average
Salary
7.2

Avg. Salary $92,420

Avg. Salary $59,228

Stability level
8.5

Growth rate -12%

Growth rate 0.3%

Diversity
4.8
Race

American Indian and Alaska Native 0.59%

Asian 7.40%

Black or African American 10.12%

Hispanic or Latino 20.54%

Unknown 3.16%

White 58.19%

Gender

female 58.67%

male 41.33%

Age - 36
Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 36
Stress level
8.5

Stress level is very high

7.1 - high

Complexity level
4.9

Complexity level is intermediate

7 - challenging

Work life balance
10.0

Work life balance is excellent

6.4 - fair

Foreign exchange clerk career paths

Key steps to become a foreign exchange clerk

  1. Explore foreign exchange clerk education requirements

    Most common foreign exchange clerk degrees

    Bachelor's

    56.4 %

    High School Diploma

    15.4 %

    Associate

    12.8 %
  2. Start to develop specific foreign exchange clerk skills

    SkillsPercentages
    Foreign Exchange Transactions56.59%
    Foreign Currency23.94%
    Currency Positions10.58%
    Check Accuracy8.88%
  3. Complete relevant foreign exchange clerk training and internships

    Accountants spend an average of Less than 1 month on post-employment, on-the-job training. New foreign exchange clerks learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a foreign exchange clerk based on U.S. Bureau of Labor Statistics data and data from real foreign exchange clerk resumes.
  4. Research foreign exchange clerk duties and responsibilities

    • Generate price discovery and execute desired positions across various products including volatility views through straddles and variance swaps.
    • Generate price discovery and execute desired positions across various products including volatility views through straddles and variance swaps.
  5. Apply for foreign exchange clerk jobs

    Now it's time to start searching for a foreign exchange clerk job. Consider the tips below for a successful job search:

    1. Browse job boards for relevant postings
    2. Consult your professional network
    3. Reach out to companies you're interested in working for directly
    4. Watch out for job scams

How did you land your first foreign exchange clerk job

Zippi

Are you a foreign exchange clerk?

Share your story for a free salary report.

Average foreign exchange clerk salary

The average foreign exchange clerk salary in the United States is $92,420 per year or $44 per hour. Foreign exchange clerk salaries range between $43,000 and $195,000 per year.

Average foreign exchange clerk salary
$92,420 Yearly
$44.43 hourly

What am I worth?

salary-calculator

How do foreign exchange clerks rate their job?

Working as a foreign exchange clerk? Share your experience anonymously.
Overall rating*
Career growth
Work/Life balance
Pay/Salary

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Browse office and administrative jobs