Foreign Exchange (FX)
UK > Work from Home
The table below looks at the prevalence of the term Foreign Exchange (FX) in remote or hybrid contract work. Included is a benchmarking guide to the contractor rates offered in vacancies that cited Foreign Exchange (FX) over the 6 months leading up to 11 June 2024, comparing them to the same period in the previous two years.
| 6 months to 11 Jun 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 151 | 224 | 324 |
| Rank change year-on-year | +73 | +100 | +23 |
| Contract jobs citing Foreign Exchange (FX) | 224 | 248 | 336 |
| As % of all contract jobs with a WFH option | 1.52% | 1.04% | 0.77% |
| As % of the Miscellaneous category | 5.19% | 3.29% | 2.41% |
| Number of daily rates quoted | 192 | 199 | 260 |
| 10th Percentile | £663 | £533 | £463 |
| 25th Percentile | £725 | £650 | £625 |
| Median daily rate (50th Percentile) | £800 | £750 | £725 |
| Median % change year-on-year | +6.67% | +3.45% | +11.54% |
| 75th Percentile | £888 | £869 | £800 |
| 90th Percentile | - | £1,063 | £850 |
| UK median daily rate | £800 | £750 | £725 |
| % change year-on-year | +6.67% | +3.45% | +7.41% |
All Generic Skills
Work from Home
Foreign Exchange (FX) falls under the General and Transferable Skills category. For comparison with the information above, the following table provides summary statistics for all contract job vacancies with remote or hybrid options requiring generic IT skills.
| Contract vacancies with a requirement for generic IT skills | 4,320 | 7,540 | 13,938 |
| As % of all contract jobs with a WFH option | 29.25% | 31.60% | 31.77% |
| Number of daily rates quoted | 2,937 | 5,342 | 10,063 |
| 10th Percentile | £325 | £363 | £363 |
| 25th Percentile | £432 | £455 | £450 |
| Median daily rate (50th Percentile) | £550 | £550 | £550 |
| Median % change year-on-year | - | - | +10.00% |
| 75th Percentile | £675 | £684 | £650 |
| 90th Percentile | £838 | £800 | £750 |
| UK median daily rate | £538 | £550 | £550 |
| % change year-on-year | -2.27% | - | +10.00% |
| Number of hourly rates quoted | 185 | 145 | 224 |
| 10th Percentile | £15.80 | £19.00 | £15.10 |
| 25th Percentile | £25.50 | £25.00 | £20.94 |
| Median hourly rate | £51.00 | £52.50 | £44.50 |
| Median % change year-on-year | -2.86% | +17.98% | +27.98% |
| 75th Percentile | £67.50 | £70.00 | £62.25 |
| 90th Percentile | £72.50 | £75.00 | £68.75 |
| UK median hourly rate | £35.50 | £22.00 | £27.00 |
| % change year-on-year | +61.36% | -18.52% | +8.00% |
Foreign Exchange (FX)
Trend for Jobs with a WFH Option
Job vacancies with a work from home option citing Foreign Exchange (FX) as a proportion of all IT jobs advertised.
Foreign Exchange (FX)
Daily Rate Trend for Jobs with a WFH Option
3-month moving average daily rate quoted in job vacancies with a work from home option citing Foreign Exchange (FX).
Foreign Exchange (FX)
Daily Rate Histogram for Jobs with a WFH Option
Daily rate distribution for jobs with a work from home option citing Foreign Exchange (FX) over the 6 months to 11 June 2024.
Foreign Exchange (FX)
Co-occurring Skills and Capabilities with WFH Options by Category
The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:
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