Foreign exchange clerk vs bank representative

The differences between foreign exchange clerks and bank representatives can be seen in a few details. Each job has different responsibilities and duties. Additionally, a foreign exchange clerk has an average salary of $92,420, which is higher than the $34,417 average annual salary of a bank representative.

The top three skills for a foreign exchange clerk include foreign exchange transactions, foreign currency and currency positions. The most important skills for a bank representative are bank products, customer service, and bank policies.

Foreign exchange clerk vs bank representative overview

	Foreign Exchange Clerk	Bank Representative
Yearly salary	$92,420	$34,417
Hourly rate	$44.43	$16.55
Growth rate	-12%	-12%
Number of jobs	66,986	105,192
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 56%	Bachelor's Degree, 53%
Average age	39	39
Years of experience	-	-

Foreign exchange clerk vs bank representative salary

Foreign exchange clerks and bank representatives have different pay scales, as shown below.

	Foreign Exchange Clerk	Bank Representative
Average salary	$92,420	$34,417
Salary range	Between $43,000 And $195,000	Between $28,000 And $41,000
Highest paying City	-	Albany, NY
Highest paying state	-	New York
Best paying company	-	Advancial Federal Credit Union
Best paying industry	-	Finance

Differences between foreign exchange clerk and bank representative education

There are a few differences between a foreign exchange clerk and a bank representative in terms of educational background:

	Foreign Exchange Clerk	Bank Representative
Most common degree	Bachelor's Degree, 56%	Bachelor's Degree, 53%
Most common major	Business	Business
Most common college	-	-

Foreign exchange clerk vs bank representative demographics

Here are the differences between foreign exchange clerks' and bank representatives' demographics:

	Foreign Exchange Clerk	Bank Representative
Average age	39	39
Gender ratio	Male, 41.3% Female, 58.7%	Male, 34.1% Female, 65.9%
Race ratio	Black or African American, 10.1% Unknown, 3.2% Hispanic or Latino, 20.5% Asian, 7.4% White, 58.2% American Indian and Alaska Native, 0.6%	Black or African American, 9.2% Unknown, 3.4% Hispanic or Latino, 22.4% Asian, 7.3% White, 57.1% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between foreign exchange clerk and bank representative duties and responsibilities

Foreign exchange clerk example 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.

Bank representative example responsibilities.

Used CRM software for KYC purposes, managing and analyzing customer data throughout life cycle.
Open new accounts for existing and/or new clients, including money market savings, CDs, and IRA accounts.
Complete maintenance request including address changes, check orders, stop payments, warnings, account closings and ATM card captures.
Originate and sign internal debit and credit documents.
Complete customer account paperwork for loans, fraudulent activity, unauthorize activity and weekly ATM balancing reports.
Advise patients of insurance/hospital information, prepare admission forms and enter patient data into the patient data accounting system.

Foreign exchange clerk vs bank representative skills

Common foreign exchange clerk skills

Foreign Exchange Transactions, 57%
Foreign Currency, 24%
Currency Positions, 11%
Check Accuracy, 9%

Common bank representative skills

Bank Products, 12%
Customer Service, 11%
Bank Policies, 9%
Cross-Sell, 6%
Excellent Interpersonal, 5%
Cash Handling, 5%

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Office and Administrative Industry
Foreign Exchange Clerk
Foreign Exchange Clerk vs Bank Representative

Updated January 8, 2025

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