The table below looks at the prevalence of the term Foreign Exchange (FX) in IT contracts advertised for the Scotland 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 27 February 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
27 Feb 2015
Same period 2014 Same period 2013
Foreign Exchange (FX)
Rank 114 115 102
Rank change year-on-year
+1 -13
Contract jobs citing Foreign Exchange (FX) 9 4 6
As % of all contract IT jobs located in Scotland 0.33% 0.16% 0.29%
As % of the Miscellaneous category 1.38% 0.74% 1.17%
Number of daily rates quoted 8 1 4
Average daily rate
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£475 £550 £471
Average daily rate % change year-on-year
-13.63% +16.71%
UK excluding London average daily rate £440 £444 £425
% change year-on-year
-0.84% +4.41%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - £47.00 £20.50
% change year-on-year
- +129.26%
Foreign Exchange (FX)
UK

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

Miscellaneous Category
Scotland
Contract IT job ads with a match in the
Miscellaneous category
654 538 511
As % of all contract IT jobs located in Scotland 23.66% 22.14% 24.85%
Number of daily rates quoted 382 262 254
Average daily rate £375 £375 £350
Average daily rate % change year-on-year
- +7.14%
90% offered a daily rate of more than £200 £250 £227
10% offered a daily rate of more than £500 £476 £450
UK excluding London average daily rate £375 £350 £335
% change year-on-year
+7.14% +4.47%
Number of hourly rates quoted 20 13 15
Average hourly rate £16.00 £15.50 £13.09
Average hourly rate % change year-on-year
+3.22% +18.45%
90% offered a hourly rate of more than £12.10 £11.39 £10.37
10% offered a hourly rate of more than £57.20 £32.50 £40.00
UK excluding London average hourly rate £18.50 £18.50 £20.00
% change year-on-year
- -7.50%

Foreign Exchange (FX)
Jobs Demand Trend in Scotland

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

Foreign Exchange (FX) Jobs Demand Trend in Scotland

Foreign Exchange (FX)
Daily Rate Trend in Scotland

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

Foreign Exchange (FX) Daily Rate Trend in Scotland

Foreign Exchange (FX)
Hourly Rate Trend in Scotland

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

Foreign Exchange (FX) Hourly Rate Trend in Scotland

Foreign Exchange (FX)
Contract Job Locations in Scotland

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Foreign Exchange (FX) within the Scotland region over the 3 months to 27 February 2015. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
Glasgow - 4 £475 -
Edinburgh -6 2 £475 -13.63%
Stirling - - - -
Foreign Exchange (FX)
UK

Foreign Exchange (FX)
Top 30 Related IT Skills in Scotland

For the 6 months to 27 February 2015, IT contractor jobs across the Scotland region citing Foreign Exchange (FX) also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Foreign Exchange (FX).

1 9 (60.00%) Banking
2 8 (53.33%) SQL
3 7 (46.67%) Investment Banking
3 7 (46.67%) Derivative
4 6 (40.00%) Equity Derivative
4 6 (40.00%) Multithreading
4 6 (40.00%) Java
5 5 (33.33%) Equities
6 4 (26.67%) Programme Management
6 4 (26.67%) Spring
6 4 (26.67%) VBA
6 4 (26.67%) Oracle
6 4 (26.67%) SQL Server
7 3 (20.00%) ASP.NET
7 3 (20.00%) MVC
7 3 (20.00%) MS Access
7 3 (20.00%) DTS
7 3 (20.00%) XML
7 3 (20.00%) .NET
7 3 (20.00%) JavaScript
7 3 (20.00%) C#
7 3 (20.00%) HTML
7 3 (20.00%) VB
7 3 (20.00%) Hibernate
7 3 (20.00%) WCF
7 3 (20.00%) WPF
7 3 (20.00%) Silverlight
7 3 (20.00%) HTML5
7 3 (20.00%) SQL Server Integration Services
7 3 (20.00%) Relational Database

Foreign Exchange (FX)
Top Related IT Skills in Scotland by Category

For the 6 months to 27 February 2015, IT contractor jobs across the Scotland region citing Foreign Exchange (FX) also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Foreign Exchange (FX). Up to 20 skills are shown per category.

Applications
1 1 (6.67%) MS Office
1 1 (6.67%) MS Excel
Communications & Networking
1 2 (13.33%) HTTP
Database & Business Intelligence
1 4 (26.67%) SQL Server
2 3 (20.00%) MS Access
2 3 (20.00%) DTS
2 3 (20.00%) SQL Server Integration Services
2 3 (20.00%) Relational Database
3 2 (13.33%) NoSQL
Development Applications
1 1 (6.67%) JUnit
1 1 (6.67%) QuickTest Pro
1 1 (6.67%) JMeter
1 1 (6.67%) Selenium
1 1 (6.67%) Cucumber
1 1 (6.67%) SoapUI
General
1 9 (60.00%) Banking
2 7 (46.67%) Investment Banking
3 1 (6.67%) Front Office
Job Titles
1 14 (93.33%) Developer
2 5 (33.33%) Java Developer
3 4 (26.67%) Analyst
4 3 (20.00%) C# Developer
4 3 (20.00%) Analyst Developer
5 1 (6.67%) Database Developer
5 1 (6.67%) Banking Business Analyst
5 1 (6.67%) Investment Banking Business Analyst
5 1 (6.67%) UI Developer
5 1 (6.67%) UI Programmer
5 1 (6.67%) Senior Developer
5 1 (6.67%) Business Analyst
Libraries, Frameworks & Software Standards
1 4 (26.67%) Spring
2 3 (20.00%) XML
2 3 (20.00%) HTML
2 3 (20.00%) .NET
2 3 (20.00%) ASP.NET
2 3 (20.00%) WCF
2 3 (20.00%) WPF
2 3 (20.00%) Silverlight
2 3 (20.00%) HTML5
2 3 (20.00%) Hibernate
3 2 (13.33%) REST
3 2 (13.33%) AngularJS
4 1 (6.67%) SOAP
4 1 (6.67%) XSLT
4 1 (6.67%) JMS
4 1 (6.67%) Java SE
4 1 (6.67%) Apache Flex
Miscellaneous
1 7 (46.67%) Derivative
2 6 (40.00%) Equity Derivative
3 5 (33.33%) Equities
4 2 (13.33%) Social Media
Processes & Methodologies
1 6 (40.00%) Multithreading
2 4 (26.67%) Programme Management
3 3 (20.00%) MVC
4 1 (6.67%) Agile Software Development
4 1 (6.67%) Automated Testing
4 1 (6.67%) User Acceptance Testing
4 1 (6.67%) Test Scripting
4 1 (6.67%) Time Management
4 1 (6.67%) Functional Programming
4 1 (6.67%) OO
4 1 (6.67%) SOA
Programming Languages
1 8 (53.33%) SQL
2 6 (40.00%) Java
3 4 (26.67%) VBA
4 3 (20.00%) C#
4 3 (20.00%) VB
4 3 (20.00%) JavaScript
5 2 (13.33%) T-SQL
5 2 (13.33%) Clojure
6 1 (6.67%) ClojureScript
6 1 (6.67%) PL/SQL
6 1 (6.67%) Lisp
Qualifications
1 2 (13.33%) VCP4
Systems Management
1 1 (6.67%) HP Quality Center
1 1 (6.67%) CA LISA
Vendors
1 4 (26.67%) Oracle
2 2 (13.33%) Sybase
3 1 (6.67%) CA