The table below looks at the prevalence of the term Foreign Exchange (FX) in IT contracts advertised for the Hertfordshire region. Included is a guide to the contractor rates offered in IT contracts that have cited Foreign Exchange (FX) over the 3 months to 30 July 2016 with a comparison to the same period over 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.

3 months to
30 Jul 2016
Same period 2015 Same period 2014
Foreign Exchange (FX)
Rank - - -
Contract jobs citing Foreign Exchange (FX) 0 0 0
As % of all contract IT jobs located in Hertfordshire - - -
As % of the Miscellaneous category - - -
Number of daily rates quoted 0 0 0
Median daily rate - - -
UK excluding London median daily rate £375 £450 £375
% change year-on-year
-16.66% +20.00%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -
Foreign Exchange (FX)
East of England

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

Miscellaneous Category
Hertfordshire
Contract IT job ads with a match in the
Miscellaneous category
217 316 176
As % of all contract IT jobs located in Hertfordshire 34.01% 37.18% 26.35%
Number of daily rates quoted 109 166 92
Median daily rate £375 £363 £354
Median daily rate % change year-on-year
+3.44% +2.47%
90% offered a daily rate of more than £181 £190 £163
10% offered a daily rate of more than £500 £475 £475
UK excluding London median daily rate £385 £375 £350
% change year-on-year
+2.66% +7.14%
Number of hourly rates quoted 8 30 5
Median hourly rate £18.00 £33.50 £25.50
Median hourly rate % change year-on-year
-46.26% +31.37%
90% offered a hourly rate of more than £12.85 £11.95 £16.00
10% offered a hourly rate of more than £24.50 £42.50 £37.30
UK excluding London median hourly rate £21.50 £18.50 £20.21
% change year-on-year
+16.21% -8.43%

Foreign Exchange (FX)
Jobs Demand Trend in Hertfordshire

The demand trend of contract jobs across the Hertfordshire region citing Foreign Exchange (FX) as a proportion of all IT contracts with a match in the Miscellaneous category.

Foreign Exchange (FX) Jobs Demand Trend in Hertfordshire

Foreign Exchange (FX)
Daily Rate Trend in Hertfordshire

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Foreign Exchange (FX) across the Hertfordshire region.

Foreign Exchange (FX) Daily Rate Trend in Hertfordshire