Foreign-exchange Dealer
Overall rating: (N/A)
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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 rqeuirements. Negotiates purchase and
sale of foreign exchange drafts on foreign exchange market and
calculates U.S. Dollar equivalents, using claculator or
computer. Adjusts deposit balanecs with foreign banks.
May
direct foreign exchange personnel in transactions relating to
international mnoetary business.
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Foreign-Exchange Dealer
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