Home > Salary > Philippines > Banking Foreign Exchange Clerk
A banking foreign exchange clerk is responsible for executing foreign currency transactions on behalf of clients. They work within the foreign exchange department of a bank or financial institution, facilitating the buying and selling of currencies to meet customer needs. Their main duties include processing transactions, ensuring accuracy of exchange rates, providing information and advice to clients, and maintaining records of all transactions. They may also be involved in monitoring market trends and analyzing currency movements to assist clients in making informed decisions.
Estimated Yearly Salary: 205,835 PHP
Estimated Monthly Salary: 17,153 PHP
Estimated Weekly Salary: 3,958 PHP per week
Estimated Hourly Salary: 99 PHP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 16,575 PHP
Estimated Weekly Salary: 3,825 PHP per week
Estimated Hourly Salary: 96 PHP per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 3,436 USD
Estimated Monthly Salary: 286 USD
Estimated Weekly Salary: 66 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 205,835 PHP
Estimated Monthly Salary: 17,153 PHP
Estimated Weekly Salary: 3,958 PHP per week
Estimated Hourly Salary: 99 PHP per hour
By working as Banking Foreign Exchange Clerk a person can save up to 128 USD per month or 1,540 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Philippines, see costs of living in Philippines.
Estimated Yearly Salary for Banking Foreign Exchange Clerk
Last revision of data: 2025-01-04
Data as of 2025
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Banking Foreign Exchange Clerk salary in Philippines
Average Yearly Salary of Banking Foreign Exchange Clerk in Philippines is approximately 205,835 PHP (3,436 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Banking Foreign Exchange Clerk do?
A banking foreign exchange clerk is responsible for executing foreign currency transactions on behalf of clients. They work within the foreign exchange department of a bank or financial institution, facilitating the buying and selling of currencies to meet customer needs. Their main duties include processing transactions, ensuring accuracy of exchange rates, providing information and advice to clients, and maintaining records of all transactions. They may also be involved in monitoring market trends and analyzing currency movements to assist clients in making informed decisions.
Skills: Banking, Foreign Exchange, Currency Transactions, Client Services, Financial Institutions, Market Analysis
Job industry: Banking
Job industry: Banking
How much does Banking Foreign Exchange Clerk make?
Salary details
How much does Banking Foreign Exchange Clerk make?Estimated Yearly Salary: 205,835 PHP
Estimated Monthly Salary: 17,153 PHP
Estimated Weekly Salary: 3,958 PHP per week
Estimated Hourly Salary: 99 PHP per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 198,900 PHPEstimated Monthly Salary: 16,575 PHP
Estimated Weekly Salary: 3,825 PHP per week
Estimated Hourly Salary: 96 PHP per hour
Last revision of data: 2024-01-08Banking Foreign Exchange Clerk estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 3,436 USD
Estimated Monthly Salary: 286 USD
Estimated Weekly Salary: 66 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Country:
Salary comparison to National average
The Philippines is an archipelagic country located in Southeast Asia. It is composed of more than 7,000 islands and has a total land area of approximately 300,000 square kilometers. The population of the Philippines is around 110 million people, making it the 13th most populous country in the world. The capital city is Manila, which is one of the most densely populated cities globally.
Estimated national average yearly salary is 218,988 PHP (3,950 USD). Value indicated is pre-tax. Below graph shows estimated Banking Foreign Exchange Clerk job salary compared to average salary in Philippines.
Comparison shows that a person working as Banking Foreign Exchange Clerk in Philippines earns on average:
0.94 times the average salary (or 94% of average salary).
Estimated national average yearly salary is 218,988 PHP (3,950 USD). Value indicated is pre-tax. Below graph shows estimated Banking Foreign Exchange Clerk job salary compared to average salary in Philippines.
Comparison shows that a person working as Banking Foreign Exchange Clerk in Philippines earns on average:
0.94 times the average salary (or 94% of average salary).
Is Banking Foreign Exchange Clerk a well paid job?
Yes, our data show that Banking Foreign Exchange Clerk is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Banking Foreign Exchange Clerk?
High salary for Banking Foreign Exchange Clerk would be somewhere between 226,419 PHP and 298,461 PHP. However this is an estimation based on Gaussian Distribution.How much can you save working as Banking Foreign Exchange Clerk in Philippines?
Living in Philippines the approximate monthly expenses are: 158 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 205,835 PHP
Estimated Monthly Salary: 17,153 PHP
Estimated Weekly Salary: 3,958 PHP per week
Estimated Hourly Salary: 99 PHP per hour
By working as Banking Foreign Exchange Clerk a person can save up to 128 USD per month or 1,540 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Philippines, see costs of living in Philippines.
Salary comparison to region and neighbouring coutries
Country's neighbours are: China, Taiwan, Vietnam, Malaysia, Indonesia, Brunei.. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Banking Foreign Exchange Clerk
China is 11,196 USD
Vietnam is 3,481 USD
Malaysia is 15,431 USD
Indonesia is 9,205 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Philippines
(2,481,728 PHP per year, pre-tax.)
2. Cardiologist
(2,051,118 PHP per year, pre-tax.)
(1,992,718 PHP per year, pre-tax.)
4. Neurosurgeon
(1,926,350 PHP per year, pre-tax.)
(1,926,277 PHP per year, pre-tax.)
6. Urologist
(1,880,648 PHP per year, pre-tax.)
(1,878,914 PHP per year, pre-tax.)
(1,877,420 PHP per year, pre-tax.)
9. Oncologist
(1,875,578 PHP per year, pre-tax.)
(1,874,981 PHP per year, pre-tax.)
Data as of 2025Random salary:
Freight conductor (147,058 PHP per year, pre-tax.)
Hand packager (121,440 PHP per year, pre-tax.)
Construction manager railroad (302,203 PHP per year, pre-tax.)
Back waiter (56,139 PHP per year, pre-tax.)
Offset press operator helper (127,013 PHP per year, pre-tax.)
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