The table below looks at the prevalence of the term Foreign Exchange (FX) in IT contracts advertised for the Cambridge region. Included is a guide to the average contractor rates offered in IT contracts that have cited Foreign Exchange (FX) over the 3 months to 23 September 2014 with a comparison to the same period in the previous 2 years.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

Location
3 months to
23 Sep 2014
Same period 2013 Same period 2012
Foreign Exchange (FX)
Rank - 40 -
Contract jobs citing Foreign Exchange (FX) 0 4 0
As % of all contract IT jobs located in Cambridge - 1.09% -
As % of the Miscellaneous category - 2.82% -
Number of daily rates quoted 0 0 0
Average daily rate
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- - -
UK excluding London average daily rate £400 £450 £456
% change year-on-year
-11.11% -1.36%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - £49.00 £25.00
% change year-on-year
- +96.00%
Foreign Exchange (FX)
Cambridgeshire

The following table is for comparison with the above and provides statistics for the entire Miscellaneous category in contract jobs advertised in the Cambridge region.

Miscellaneous Category
Cambridge
Contract IT job ads with a match in the
Miscellaneous category
136 142 152
As % of all contract IT jobs located in Cambridge 31.05% 38.59% 36.71%
Number of daily rates quoted 62 74 60
Average daily rate £320 £300 £320
Average daily rate % change year-on-year
+6.66% -6.25%
90% offered a daily rate of more than £148 £190 £250
10% offered a daily rate of more than £450 £475 £425
UK excluding London average daily rate £350 £350 £350
Number of hourly rates quoted 36 21 37
Average hourly rate £27.50 £38.50 £37.00
Average hourly rate % change year-on-year
-28.57% +4.05%
90% offered a hourly rate of more than £21.00 £12.00 £19.00
10% offered a hourly rate of more than £60.00 £60.00 £47.50
UK excluding London average hourly rate £18.65 £17.50 £26.00
% change year-on-year
+6.58% -32.69%

Foreign Exchange (FX)
Jobs Demand Trend in Cambridge

This chart provides a 3-month moving total of IT contractor jobs citing Foreign Exchange (FX) across the Cambridge region as a proportion of the total demand within the Miscellaneous category.

Foreign Exchange (FX) Jobs Demand Trend in Cambridge