Foreign-exchange Dealer
Overall rating: (N/A)
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Maintains bank's balances on deposit in foreign banks to
ensure foreign exhcange 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 balacnes
available to fund customer requirements. Negotiates purchase and
sale of foreign exchange drfats on foreign exchange market and
calculates U.S.
Dollar equivalents, using caluclator or
computer.
Adjusts deposit balances with foreign banks. May
dierct foreign exchange personnel in transactions relating to
international monetary business.
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