- Salary statistics
- Currency traders
Currency traders
74 900 - 122 400 kr / month
Women earn 62% of what men do.
Administration, ekonomi
Salary progression Currency traders
What does a currency trader do? – tasks and work environment
A currency trader works with buying and selling currencies on the global financial markets to generate profit for banks, companies, or institutional clients. The tasks include analyzing market trends, following economic news, and making quick decisions on currency transactions. The work is often fast-paced, using advanced trading platforms and in direct contact with international market players. Typically, the work environment is office-based, often in open-plan offices or trading floors where communication with colleagues and clients is central.
Salary development over time
The salary for currency traders has shown a steady increase over the past three years. In 2022, the average salary was 99,200 kronor per month, which increased to 100 800 kronor in 2023. In 2024, the average salary rose further to 106 500 kronor per month. The total increase over the period is approximately 7.4%, indicating strong demand for expertise in currency trading. This salary growth can be linked to increased globalization of financial markets, larger capital flows, and a greater need for specialized analytical skills. Additionally, competition for experienced currency traders has intensified, pushing up salary levels further.
Currency trader salary – comprehensive overview
- Average salary: 106 500 SEK/month
- Lowest salary: 74,900 SEK/month
- Highest salary: 122,400 SEK/month
- Hourly wage: 641 SEK
- Women: 74,900 SEK/month (62% of men's salary)
- Men: 121,400 SEK/month
- Regional differences: Data on regional differences is unavailable
Education and qualifications
To work as a currency trader, a post-secondary education in economics, finance, or mathematics is often required, preferably supplemented with experience in the financial industry. Many employers also value certifications in financial instruments and practical experience from trainee programs or internships. Strong analytical skills and good language skills, especially in English, are often crucial for success in the profession.
- Economics degree: 3 years or more, at university or college
- Certifications: CFA, ACI Diploma, or similar
- Internships/Traineeships: Often required by larger banks and financial institutions
- Prerequisites: Good knowledge of English and financial analysis
- Online courses: Possible for supplementary knowledge in trading and market analysis
Currency traders often work in real-time and must make decisions under extreme time pressure, especially during unexpected market movements or global news events. The high intensity requires many to develop strong stress resilience and the ability to handle large amounts of information quickly. At the same time, the work is often social, with close collaboration within teams and daily contact with international counterparts.
Common benefits and compensations
Currency traders are often offered bonus programs linked to performance and results, in addition to base salary. Other common benefits include occupational pension, wellness allowances, health insurance, and sometimes stock options. Several employers also offer training support and opportunities for international exchanges or conferences.
Competition and challenges
The competition for positions as a currency trader is significant, especially at larger banks and investment firms. The industry is characterized by high demands for analytical ability, stress resistance, and the capacity to adapt quickly to changing market conditions. Digitalization and automation have also increased skill requirements and led to rapid changes in job tasks. For newcomers to the job market, relevant education and practical experience are often necessary to qualify for the most attractive positions. At the same time, turnover is relatively high, which can create opportunities for those who are flexible and willing to continue developing their skills.
Tips for those who want to become currency traders
To succeed as a currency trader, it is good to combine strong analytical skills with an interest in economics and global events. Precision is crucial, as small mistakes can have large financial consequences, so practicing double-checking figures and calculations is wise. Initiative and independence make a big difference, especially when quick decisions must be made under pressure. Good communication skills facilitate collaboration with colleagues and clients, so practicing explaining complex reasoning clearly is beneficial. Staying updated on market trends and continuously furthering education are also key success factors, especially in an industry where change is rapid. Flexibility and stress resistance are personal qualities that help handle both rapid price movements and unexpected news. Finally, having great endurance is an advantage, as working days can be intense and sometimes long.
Key facts about currency traders
- Education level: Post-secondary degree, often in economics or finance
- Work environment: Office-based, high pace, real-time work
- Work form: Full-time, often with bonus-based compensation
- Demand: 758 job openings within the profession currently
- Special skills: Advanced market analysis and good language skills
Career paths and future prospects
After three to five years as a currency trader, it is common to move on to more senior roles, such as head of a trading team, risk manager, or macroeconomic analyst. Some choose to specialize in specific markets or instruments, while others advance to roles within asset management or advisory services. Forecasts from the Employment Service indicate that demand for qualified currency traders is expected to remain strong, especially for those with international experience and advanced technical skills. However, digitalization and automation may alter the industry's structure, making continuous skills development essential for long-term success.
Common questions about currency traders
- What does a currency trader earn?
- A currency trader has an average salary of 106 500 kronor per month, but the salary varies depending on experience, gender, and employer. - How does one become a currency trader?
- Most have a post-secondary education in economics or finance and often supplement with certifications and internships. - Are there salary differences between women and men?
- Yes, women earn on average 62% of what men do within the profession. - What are the tasks of a currency trader?
- Tasks include trading currencies, market analysis, risk management, and client contact. - What does the future look like for currency traders?
- Demand remains high, but digitalization and new technologies influence the industry's development. - What is the highest salary for a currency trader?
- The highest salary is 122,400 kronor per month and belongs to a privately employed man with extensive post-secondary education. - What personal qualities are required?
- Analytical ability, stress resistance, accuracy, and good communication are important qualities.
Salary distributed by age and sector
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 25-34 | 76600 kr | 79000 kr | |
| 35-44 | 116500 kr | 119500 kr | |
| 45-54 | 137400 kr | 140800 kr | |
| Snitt | 62% | 103600 kr | 106500 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 25-34 | 76600 kr | 79000 kr | |
| 35-44 | 116500 kr | 119500 kr | |
| 45-54 | 137400 kr | 140800 kr | |
| Snitt | 62% | 103600 kr | 106500 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 25-34 | 76600 kr | 79000 kr | |
| 35-44 | 116500 kr | 119500 kr | |
| 45-54 | 137400 kr | 140800 kr | |
| Snitt | 62% | 103600 kr | 106500 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 25-34 | 80400 kr | 83000 kr | |
| 35-44 | 124900 kr | 128200 kr | |
| 45-54 | 145200 kr | 148800 kr | |
| 55-64 | 126300 kr | 132300 kr | |
| Snitt | 62% | 117700 kr | 121400 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 25-34 | 80400 kr | 83000 kr | |
| 35-44 | 124900 kr | 128200 kr | |
| 45-54 | 145200 kr | 148800 kr | |
| 55-64 | 126300 kr | 132300 kr | |
| Snitt | 62% | 117700 kr | 121400 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 25-34 | 80400 kr | 83000 kr | |
| 35-44 | 124900 kr | 128200 kr | |
| 45-54 | 145200 kr | 148800 kr | |
| 55-64 | 126300 kr | 132300 kr | |
| Snitt | 62% | 117700 kr | 121400 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| Snitt | 62% | 73600 kr | 74900 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| Snitt | 62% | 73600 kr | 74900 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| Snitt | 62% | 73600 kr | 74900 kr |
About the data
All information displayed on this page is based on data from the Swedish Central Bureau of Statistics (SCB), the Swedish Tax Agency and the Swedish employment agency. Learn more about our data and data sources here.
All figures are gross salaries, meaning salaries before tax. The average salary, or mean salary, is calculated by adding up the total salary for all individuals within the profession and dividing it by the number of individuals. For specific job categories, we have also considered various criteria such as experience and education.
Profession Currency traders has the SSYK code 3311, which we use to match against the SCB database to obtain the latest salary statistics.
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