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Foreign Exchange Manager Average Salary in Netherlands 2024

How much money does a person working as Foreign Exchange Manager make in Netherlands?


Average Monthly Salary
7,510 EUR
( 90,100 EUR yearly)

LOW
3,980
EUR
AVERAGE
7,510
EUR
HIGH
11,400
EUR
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Foreign Exchange Manager in Netherlands typically earns around 7,510 EUR. Salaries range from 3,980 EUR (lowest) to 11,400 EUR (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Foreign Exchange Manager salaries in Netherlands vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Foreign Exchange Manager Pay Scale and Salaries in Netherlands

Median and salary distribution Netherlands Foreign Exchange Manager monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
6,740 EUR or more
10% of people earn
6,020 to 6,740 EUR
20% of people earn
4,430 EUR or less
65% of people earn
4,430 to 6,020 EUR
Minimum Salary
3,980 EUR
Median
6,770 EUR
Maximum
11,400 EUR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Foreign Exchange Manager in Netherlands range from 3,980 EUR (starting salary) to 11,400 EUR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 6,770 EUR, half of the professionals who work as Foreign Exchange Manager in Netherlands earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Foreign Exchange Manager in Netherlands earn less than 5,640 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 7,660 EUR while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Foreign Exchange Manager in Netherlands compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 4,430 EUR to 6,020 EUR. About 20% of salaries are below the 4,430 EUR mark, while 10% fall within the range of 6,020 EUR to 6,740 EUR. Only 5% of individuals have salaries exceeding 6,740 EUR.

Salary Comparison by Years of Experience / Foreign Exchange Manager / Netherlands

How do experience and age affect pay?

0 - 2 Years
4,570 EUR
2 - 5 Years+23%
5,610 EUR
5 - 10 Years+42%
7,950 EUR
10 - 15 Years+17%
9,290 EUR
15 - 20 Years+10%
10,200 EUR
20+ Years+6%
10,800 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Netherlands Foreign Exchange Manager
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Foreign Exchange Manager and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 4,570 EUR.

While someone with an experience level between two and five years is expected to earn 5,610 EUR, 23% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 7,950 EUR, 42% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 9,290 EUR, 17% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 10,200 EUR, 10% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 10,800 EUR, 6% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Foreign Exchange Manager / Netherlands

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Foreign Exchange Manager.

Bachelor's Degree
5,170 EUR
Master's Degree+93%
10,000 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Netherlands Foreign Exchange Manager
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Foreign Exchange Manager in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 5,170 EUR.


Level 2: Master's Degree

At this level, the average salary becomes 10,000 EUR, 93% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Netherlands costs anywhere from 24,500 EUR to 73,500 EUR and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Foreign Exchange Manager / Netherlands

Salary comparison by gender Netherlands Foreign Exchange Manager monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Foreign Exchange Manager in Netherlands, the average difference between the salary of male and female employees is 5%.

Male
7,670 EUR
Female-5%
7,320 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Netherlands for all Careers

Salary comparison by gender monthly Netherlands
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Average Annual Salary Increment Percentage / Foreign Exchange Manager / Netherlands

How much are annual salary increments in Netherlands for individuals working as Foreign Exchange Manager? How often do employees get salary raises?

Individuals working as Foreign Exchange Manager in Netherlands are likely to observe a salary increase of approximately 13% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Netherlands Foreign Exchange Manager
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Netherlands / All Professions

Annual Salary Increment Rate Netherlands
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Netherlands is 7%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Foreign Exchange Manager / Netherlands

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Netherlands Foreign Exchange Manager
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20% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 80% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
80%
No Bonus
20%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Foreign Exchange Manager / Netherlands


43 EUR per hour

The average hourly wage (pay per hour) for individuals working as Foreign Exchange Manager in Netherlands is 43 EUR.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Foreign Exchange Manager in Netherlands is 23 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Banking-100%
AML Analyst7,260 EUR-3%
Assistant Bank Branch Manager6,630 EUR-12%
Assistant Bank Manager8,590 EUR+14%
ATM Manager6,940 EUR-8%
ATM Service Technician2,120 EUR-72%
Bank Accounts Analyst2,910 EUR-61%
Bank Accounts Collector1,740 EUR-77%
Bank Accounts Controller3,580 EUR-52%
Bank Accounts Executive5,530 EUR-26%
Bank Accounts Manager6,090 EUR-19%
Bank Auditing Manager6,200 EUR-17%
Bank Branch Manager8,540 EUR+14%
Bank Branch Operations Coordinator3,990 EUR-47%
Bank Clerk1,690 EUR-77%
Bank Client Service Associate2,330 EUR-69%
Bank Collector1,810 EUR-76%
Bank Compliance Specialist4,620 EUR-38%
Bank Manager10,400 EUR+39%
Bank Operational Risk Manager10,100 EUR+35%
Bank Operations Head10,600 EUR+41%
Bank Operations Officer4,110 EUR-45%
Bank Operations Specialist6,240 EUR-17%
Bank Process Manager5,760 EUR-23%
Bank Product Manager 6,460 EUR-14%
Bank Programme Manager7,220 EUR-4%
Bank Project Manager7,690 EUR+2%
Bank Propositions Manager7,440 EUR-1%
Bank Quantitative Analyst4,910 EUR-35%
Bank Regional Manager10,400 EUR+39%
Bank Regional Risk Officer5,150 EUR-31%
Bank Relationship Manager7,290 EUR-3%
Bank Relationship Officer3,640 EUR-51%
Bank Sustainability Analyst6,110 EUR-19%
Bank Teller1,820 EUR-76%
Banker3,770 EUR-50%
Banking Business Analyst5,370 EUR-28%
Banking Business Development Officer3,390 EUR-55%
Banking Business Planning Executive7,310 EUR-3%
Banking Data Analyst5,980 EUR-20%
Banking Product Manager6,690 EUR-11%
Banking Reference Data Manager5,690 EUR-24%
Banking Regulatory Compliance Officer6,460 EUR-14%
Banking Risk Analyst5,320 EUR-29%
Banking Technical Analyst2,990 EUR-60%
Bankruptcy Coordinator3,960 EUR-47%
Bill and Account Collector2,000 EUR-73%
Blockchain Analyst4,400 EUR-41%
Blockchain Architect5,360 EUR-29%
Blockchain Auditor4,540 EUR-40%
Blockchain Compliance Analyst4,940 EUR-34%
Blockchain Consultant4,930 EUR-34%
Blockchain Trade Facilitator4,550 EUR-39%
Budget Analyst5,240 EUR-30%
Capital Risk Manager9,430 EUR+26%
Cards Marketing Manager6,660 EUR-11%
Cash Management Manager8,760 EUR+17%
Check Processing Manager6,870 EUR-8%
Chief Blockchain Officer5,640 EUR-25%
Commercial Vault Associate5,410 EUR-28%
Corporate Banker3,700 EUR-51%
Corporate Dealer5,640 EUR-25%
Credit Analyst4,000 EUR-47%
Credit and Collections Manager7,210 EUR-4%
Credit Card Fraud Investigator5,290 EUR-30%
Credit Portfolio Manager9,570 EUR+28%
Credit Risk Analyst6,190 EUR-18%
Credit Risk Associate5,440 EUR-28%
Cryptocurrency Accountant3,390 EUR-55%
Cryptocurrency Adviser6,790 EUR-10%
Cryptocurrency Analyst4,890 EUR-35%
Cryptocurrency Compliance Manager6,350 EUR-15%
Cryptocurrency Trader5,440 EUR-28%
Digital Banking Manager6,910 EUR-8%
Digital Currency Analyst5,410 EUR-28%
Direct Bank Sales Representative3,870 EUR-48%
Exchange Control Consultant5,570 EUR-26%
Executive Account Analyst5,030 EUR-33%
Financial Bank Planning Consultant6,500 EUR-13%
Financial Banking Analysis Manager7,910 EUR+5%
Financial Banking Assistant2,540 EUR-66%
Financial Banking Systems Manager7,370 EUR-2%
Foreign Exchange Manager7,510 EUR+0%
Fraud Analyst5,800 EUR-23%
Fraud Detection Associate3,990 EUR-47%
Fraud Detection Manager8,120 EUR+8%
Fraud Detection Supervisor4,570 EUR-39%
Internal Bank Audit Manager9,400 EUR+25%
Internal Bank Auditor5,340 EUR-29%
Internal Private Banker3,770 EUR-50%
International Banking Manager10,600 EUR+41%
Investment Banking Analyst7,740 EUR+3%
Loan Analyst5,070 EUR-32%
Loan Area Manager6,500 EUR-13%
Loan Audit Team Leader6,090 EUR-19%
Loan Branch Manager5,750 EUR-23%
Loan Business Development Officer3,340 EUR-55%
Loan Clerk1,920 EUR-74%
Loan Collection and Recovery Manager6,170 EUR-18%
Loan Collection Manager6,480 EUR-14%
Loan Collector1,880 EUR-75%
Loan Examiner2,350 EUR-69%
Loan Officer2,100 EUR-72%
Loan Processing Manager5,880 EUR-22%
Loan Processor2,420 EUR-68%
Loan Quality Assurance Auditor5,550 EUR-26%
Loan Quality Assurance Manager5,870 EUR-22%
Loan Quality Assurance Representative4,170 EUR-44%
Loan Review Manager5,930 EUR-21%
Loan Team Leader5,590 EUR-26%
Loans Manager7,080 EUR-6%
Mortgage Advisor3,710 EUR-51%
Mortgage Collection Manager6,480 EUR-14%
Mortgage Collector1,830 EUR-76%
Mortgage Credit Analyst2,750 EUR-63%
Mortgage Credit Manager5,930 EUR-21%
Mortgage Development Manager6,450 EUR-14%
Mortgage Document Reviewer2,410 EUR-68%
Mortgage Funding Manager6,540 EUR-13%
Mortgage Operations Manager9,240 EUR+23%
Mortgage Payment Processing Clerk2,050 EUR-73%
Mortgage Processing Manager6,120 EUR-18%
Mortgage Processor2,370 EUR-68%
Mortgage Quality Assurance Auditor5,360 EUR-29%
Mortgage Quality Assurance Manager5,830 EUR-22%
Mortgage Servicing Clerk1,970 EUR-74%
Mortgage Servicing Manager5,650 EUR-25%
Mortgage Underwriter2,390 EUR-68%
Online Banking Manager9,500 EUR+27%
Open Banking Strategist5,680 EUR-24%
Payment Processing Clerk1,960 EUR-74%
Personal Banker3,930 EUR-48%
Personal Banking Advisor 4,020 EUR-46%
Phone Banker2,590 EUR-65%
Private Banker4,050 EUR-46%
Reconciliation and Investigation Specialist4,480 EUR-40%
Tax Officer3,260 EUR-57%
Teller1,910 EUR-75%
Trade Officer2,190 EUR-71%
Trade Product Manager6,330 EUR-16%
Trader2,610 EUR-65%
Treasury Operations Officer4,730 EUR-37%
Wealth Management Advisor7,810 EUR+4%

Salary Comparison By City

CityAverage Salary
Amsterdam8,260 EUR

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Netherlands is 5% on average across all career fields.

Private Sector
4,780 EUR
Public Sector+5%
5,030 EUR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Foreign Exchange Manager in Netherlands?

A good and competitive compensation would range anywhere between 6,770 EUR and 7,660 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Foreign Exchange Manager in Netherlands ranges from 3,980 EUR to 5,640 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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