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 average contractor rates offered in IT contracts that have cited Foreign Exchange (FX) over the 3 months to 22 August 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
22 Aug 2014
Same period 2013 Same period 2012
Foreign Exchange (FX)
Rank - 52 -
Contract jobs citing Foreign Exchange (FX) 0 1 0
As % of all contract IT jobs located in Hertfordshire - 0.19% -
As % of the Miscellaneous category - 0.85% -
Number of daily rates quoted 0 1 0
Average daily rate
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- £550 -
UK excluding London average daily rate £400 £450 £438
% change year-on-year
-11.11% +2.85%
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)
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
178 118 195
As % of all contract IT jobs located in Hertfordshire 22.73% 22.26% 20.04%
Number of daily rates quoted 102 59 91
Average daily rate £290 £325 £350
Average daily rate % change year-on-year
-10.76% -7.14%
90% offered a daily rate of more than £190 £244 £201
10% offered a daily rate of more than £459 £500 £479
UK excluding London average daily rate £350 £350 £338
% change year-on-year
- +3.70%
Number of hourly rates quoted 6 7 16
Average hourly rate £20.25 £41.75 £26.75
Average hourly rate % change year-on-year
-51.49% +56.07%
90% offered a hourly rate of more than £13.00 £13.78 £10.98
10% offered a hourly rate of more than £33.75 £50.00 £35.00
UK excluding London average hourly rate £19.00 £17.50 £29.00
% change year-on-year
+8.57% -39.65%

Foreign Exchange (FX)
Jobs Demand Trend in Hertfordshire

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