Home > Salary > United Arab Emirates > 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: 169,651 AED
Estimated Monthly Salary: 14,138 AED
Estimated Weekly Salary: 3,263 AED per week
Estimated Hourly Salary: 82 AED per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 13,695 AED
Estimated Weekly Salary: 3,160 AED per week
Estimated Hourly Salary: 79 AED per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 42,564 USD
Estimated Monthly Salary: 3,547 USD
Estimated Weekly Salary: 819 USD per week
Estimated Hourly Salary: 20 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: 169,651 AED
Estimated Monthly Salary: 14,138 AED
Estimated Weekly Salary: 3,263 AED per week
Estimated Hourly Salary: 82 AED per hour
By working as Banking Foreign Exchange Clerk a person can save up to 1,589 USD per month or 19,068 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 United Arab Emirates, see costs of living in United Arab Emirates.
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 United Arab Emirates
Average Yearly Salary of Banking Foreign Exchange Clerk in United Arab Emirates is approximately 169,651 AED (42,564 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: 169,651 AED
Estimated Monthly Salary: 14,138 AED
Estimated Weekly Salary: 3,263 AED per week
Estimated Hourly Salary: 82 AED per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 164,336 AEDEstimated Monthly Salary: 13,695 AED
Estimated Weekly Salary: 3,160 AED per week
Estimated Hourly Salary: 79 AED per hour
Last revision of data: 2024-01-03Banking Foreign Exchange Clerk estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 42,564 USD
Estimated Monthly Salary: 3,547 USD
Estimated Weekly Salary: 819 USD per week
Estimated Hourly Salary: 20 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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Salary comparison to National average
The United Arab Emirates (UAE) is a country located in the Middle East, bordering Saudi Arabia and Oman. It is made up of seven emirates: Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah, Ras Al Khaimah, and Umm Al Quwain. The UAE has a population of approximately 9.89 million people. The country covers a total area of about 83,600 square kilometers.
Estimated national average yearly salary is 179,793 AED (48,950 USD). Value indicated is pre-tax. Below graph shows estimated Banking Foreign Exchange Clerk job salary compared to average salary in United Arab Emirates.
Comparison shows that a person working as Banking Foreign Exchange Clerk in United Arab Emirates earns on average:
0.94 times the average salary (or 94% of average salary).
Estimated national average yearly salary is 179,793 AED (48,950 USD). Value indicated is pre-tax. Below graph shows estimated Banking Foreign Exchange Clerk job salary compared to average salary in United Arab Emirates.
Comparison shows that a person working as Banking Foreign Exchange Clerk in United Arab Emirates 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 186,616 AED and 245,994 AED. However this is an estimation based on Gaussian Distribution.How much can you save working as Banking Foreign Exchange Clerk in United Arab Emirates?
Living in United Arab Emirates the approximate monthly expenses are: 1,958 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: 169,651 AED
Estimated Monthly Salary: 14,138 AED
Estimated Weekly Salary: 3,263 AED per week
Estimated Hourly Salary: 82 AED per hour
By working as Banking Foreign Exchange Clerk a person can save up to 1,589 USD per month or 19,068 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 United Arab Emirates, see costs of living in United Arab Emirates.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Saudi Arabia, Oman, Qatar, Bahrain, Iran. 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
Saudi Arabia is 23,934 USD
Oman is 7,885 USD
Qatar is 61,219 USD
Bahrain is 15,463 USD
Iran is 6,848 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 United Arab Emirates
(2,046,975 AED per year, pre-tax.)
2. Cardiologist
(1,695,577 AED per year, pre-tax.)
(1,643,741 AED per year, pre-tax.)
(1,592,253 AED per year, pre-tax.)
5. Neurosurgeon
(1,588,012 AED per year, pre-tax.)
(1,558,844 AED per year, pre-tax.)
(1,557,467 AED per year, pre-tax.)
8. Urologist
(1,557,171 AED per year, pre-tax.)
9. Oncologist
(1,556,641 AED per year, pre-tax.)
(1,553,399 AED per year, pre-tax.)
Data as of 2025Random salary:
Water resource consultant (201,757 AED per year, pre-tax.)
Satellite antenna installer (115,973 AED per year, pre-tax.)
Transportation superintendent (252,075 AED per year, pre-tax.)
Residential support caregiver (69,901 AED per year, pre-tax.)
Mechanical door repairer (140,860 AED per year, pre-tax.)
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