Foreign Exchange Dealer: A description for the foreign exchange dealer job
Jobs In Medicine And Health » Managers And Officials Nec » Finance Insurance And Real Estate Managers And Officials » Foreign Exchange Dealer
Foreign Exchange Dealer: Foreign-exchange trader 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 also direct foreign exchange personnel in transactions relating to international monetary business.
Job industry: financial industry
Other job descriptions:
Foreign Exchange Dealer
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