The table below looks at the prevalence of the term Foreign Exchange (FX) in IT contracts advertised for the North West 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 24 April 2015 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
24 Apr 2015
Same period 2014 Same period 2013
Foreign Exchange (FX)
Rank - 133 118
Contract jobs citing Foreign Exchange (FX) 0 2 1
As % of all contract IT jobs located in the North West - 0.064% 0.041%
As % of the Miscellaneous category - 0.23% 0.15%
Number of daily rates quoted 0 0 0
Average daily rate
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- - -
UK excluding London average daily rate £413 £415 £425
% change year-on-year
-0.60% -2.35%
Number of hourly rates quoted 0 0 1
Average hourly rate - - £20.50
UK excluding London average hourly rate £13.50 £47.00 £20.50
% change year-on-year
-71.27% +129.26%
Foreign Exchange (FX)
England

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

Miscellaneous Category
North West
Contract IT job ads with a match in the
Miscellaneous category
1142 864 663
As % of all contract IT jobs located in the North West 29.42% 27.84% 26.96%
Number of daily rates quoted 632 445 300
Average daily rate £400 £330 £316
Average daily rate % change year-on-year
+21.21% +4.36%
90% offered a daily rate of more than £275 £210 £178
10% offered a daily rate of more than £550 £487 £450
UK excluding London average daily rate £375 £350 £340
% change year-on-year
+7.14% +2.94%
Number of hourly rates quoted 64 78 55
Average hourly rate £16.50 £17.75 £17.46
Average hourly rate % change year-on-year
-7.04% +1.66%
90% offered a hourly rate of more than £12.00 £11.61 £10.75
10% offered a hourly rate of more than £60.00 £44.55 £55.60
UK excluding London average hourly rate £19.00 £21.50 £21.25
% change year-on-year
-11.62% +1.17%

Foreign Exchange (FX)
Jobs Demand Trend in the North West

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

Foreign Exchange (FX) Jobs Demand Trend in the North West

Foreign Exchange (FX)
Daily Rate Trend in the North West

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

Foreign Exchange (FX) Daily Rate Trend in the North West