Finance Professionals

How to become a foreign exchange dealer

Official title: Foreign exchange dealer

Foreign exchange dealer buys and sells foreign currencies on his/her own account or employer’s account, in order to secure a profit on fluctuations in foreign exchange rates. He/she executes trading activities as per trading plans, monitors portfolio positions and market conditions. He/she undertakes technical analysis of economic information (market liquidity and volatility) to predict the future rates of currencies on the foreign exchange market.

Main tasks

Analysing market trends for securities, bonds, stocks and other financial instruments, including foreign exchange

Ways in

University: Business & Commerce degrees, Offered by 6 universities in Singapore

Pay · Outlook · AI and this job

Median pay: $162,996 a year. The middle half earn $106,356 to $240,000 a year.
Generative AI could change many tasks in this job, which usually reshapes the work more than it replaces it, by the ILO's global estimate.

Questions people ask

How do I become a foreign exchange dealer?

Ways in include: Business & Commerce degrees.

How much does a foreign exchange dealer earn in Singapore?

Median full-time pay is $162,996 a year (Ministry of Manpower (via data.gov.sg)). The middle half earn $106,356 to $240,000.

Will AI change the work of a foreign exchange dealer?

Generative AI could change many tasks in this job, which usually reshapes the work more than it replaces it, by the ILO's global estimate.

Sources

Ministry of Manpower (via data.gov.sg): Resident Occupational Wages (Occupational Wage Survey) (June 2024 (data.gov.sg update 2026-04-01)), Singapore Open Data Licence v1.0, retrieved 4 October 2026
International Labour Organization, Generative AI and Jobs: A Refined Global Index of Occupational Exposure (ILO Working Paper 140, Gmyrek et al.) (ILO Working Paper 140, May 2025, Annex Table A1), CC BY 4.0, retrieved 4 October 2026

Updated 4 October 2026