Average Foreign Exchange Manager Salary in East Timor for 2024

In this article, we will look at the average Foreign Exchange Manager salary for 2024 in East Timor and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Foreign Exchange Manager Make in East Timor?

A Foreign Exchange Manager working in East Timor will typically earn around 44,180 USD per year, and this can range from the lowest average salary of about 20,760 USD to the highest average salary of 62,860 USD.

Average Annual Salary
44,180 USD
Average Monthly Salary
3,681 USD

Lowest Annual Salary
20,760 USD
Lowest Monthly Salary
1,730 USD

Highest Annual Salary
62,860 USD
Highest Monthly Salary
5,238 USD

These are average salaries for a Foreign Exchange Manager in East Timor and include benefits such as housing and transport. It's also possible for a Foreign Exchange Manager to earn more or less than the average salaries shown above.

Foreign Exchange Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Foreign Exchange Manager Salaries in East Timor

So we've looked at the average salaries a Foreign Exchange Manager will earn in East Timor. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Foreign Exchange Manager can earn between 20,760 USD and 62,860 USD on average in East Timor. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Foreign Exchange Manager in East Timor is 39,560 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 39,560 USD, and 50% of the population earn more than 39,560 USD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Foreign Exchange Manager salary in East Timor, 25% of the population are earning less than 26,280 USD while 75% of the population earn more than 26,280 USD.

75% of the population earn less than 50,580 USD, and 25% of the population earn more than 50,580 USD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Foreign Exchange Manager Salary by Experience Level in East Timor

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average foreign exchange manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Foreign Exchange Manager in East Timor that has less than two years of experience can expect to earn somewhere in the region of 24,720 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Foreign Exchange Manager salary would increase to 32,200 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Foreign Exchange Manager, the average salary would be 46,400 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 53,860 USD.
  • 15 - 20 Years Experience. A Foreign Exchange Manager with 15 to 20 years of experience can earn an average of 59,240 USD.
  • 20+ Years Experience. For a Foreign Exchange Manager with more than 20 years, the expected average salary increases to 62,100 USD.

Average Salary by Experience Chart

0-2 Years
24,720 USD
2-5 Years +23%
32,200 USD
5-10 Years +42%
46,400 USD
10-15 Years +17%
53,860 USD
15-20 Years +10%
59,240 USD
20+ Years +6%
62,100 USD

Foreign Exchange Manager Salary by Education Level in East Timor

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Foreign Exchange Manager in East Timor based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Foreign Exchange Manager in East Timor with a bachelor's degree education can earn an average salary of 27,480 USD.

  • Master's Degree. A Foreign Exchange Manager in East Timor with a master's degree education can earn an average salary of 57,320 USD.

Average Salary by Education Chart

Bachelor's Degree
27,480 USD
Master's Degree +94%
57,320 USD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in East Timor is around 11,000 to 33,100 USD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Foreign Exchange Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In East Timor, a male foreign exchange manager will earn an average of 45,560 USD, while a female foreign exchange manager will earn around 39,560 USD.

This means that a male foreign exchange manager earns approximately 15% more than a female foreign exchange manager for performing the same job.

Average Salary by Gender Chart in East Timor

Male
45,560 USD
Female -15%
39,560 USD

Foreign Exchange Manager Average Pay Raise in East Timor

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Foreign Exchange Manager in East Timor is around 9% every 28 months.

The national average pay raise across all professions and industries in East Timor is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 9 ÷ 28 ) × 12  = 4%

What this means is that a Foreign Exchange Manager in East Timor can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in East Timor for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in East Timor.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Foreign Exchange Manager Bonus and Incentive Rates in East Timor

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Foreign Exchange Manager is a moderate bonus based job, with 61% of employees reporting at least one bonus in the last 12 months.

39% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 6% to 8%.

Received Bonus
61%
No Bonus
39%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in East Timor earn approximately 4% more than private sector employees in the same role.

Public Sector
27,020 USD
Private Sector -4%
26,020 USD

Salaries for Jobs Similar to a Foreign Exchange Manager

In the table below, we have salary information for jobs that are similar to a Foreign Exchange Manager in East Timor.

Job Title Category Salary
AML Analyst Banking 38,340 USD
Assistant Bank Branch Manager Banking 34,360 USD
Assistant Bank Manager Banking 41,480 USD
ATM Manager Banking 39,960 USD
ATM Service Technician Banking 12,020 USD
Bank Accounts Analyst Banking 13,100 USD
Bank Accounts Collector Banking 8,560 USD
Bank Accounts Controller Banking 17,740 USD
Bank Accounts Executive Banking 28,860 USD
Bank Accounts Manager Banking 34,240 USD
Bank Auditing Manager Banking 34,280 USD
Bank Branch Manager Banking 46,720 USD
Bank Branch Operations Coordinator Banking 21,640 USD
Bank Clerk Banking 7,800 USD
Bank Client Service Associate Banking 14,620 USD
Bank Collector Banking 10,380 USD
Bank Compliance Specialist Banking 24,820 USD
Bank Manager Banking 54,560 USD
Bank Operational Risk Manager Banking 55,320 USD
Bank Operations Head Banking 55,320 USD
Bank Operations Officer Banking 19,980 USD
Bank Operations Specialist Banking 32,420 USD
Bank Process Manager Banking 29,320 USD
Bank Product Manager Banking 33,520 USD
Bank Programme Manager Banking 37,800 USD
Bank Project Manager Banking 43,340 USD
Bank Propositions Manager Banking 38,700 USD
Bank Quantitative Analyst Banking 27,020 USD
Bank Regional Manager Banking 57,440 USD
Bank Regional Risk Officer Banking 29,320 USD
Bank Relationship Manager Banking 41,560 USD
Bank Relationship Officer Banking 17,740 USD
Bank Teller Banking 10,380 USD
Banker Banking 18,280 USD
Banking Business Analyst Banking 30,840 USD
Banking Business Development Officer Banking 19,220 USD
Banking Business Planning Executive Banking 38,620 USD
Banking Product Manager Banking 36,800 USD
Banking Reference Data Manager Banking 31,180 USD
Banking Risk Analyst Banking 29,540 USD
Banking Technical Analyst Banking 14,920 USD
Bankruptcy Coordinator Banking 19,020 USD
Bill and Account Collector Banking 11,300 USD
Budget Analyst Banking 28,660 USD
Capital Risk Manager Banking 55,140 USD
Cards Marketing Manager Banking 37,200 USD
Cash Management Manager Banking 48,640 USD
Check Processing Manager Banking 37,800 USD
Commercial Vault Associate Banking 25,440 USD
Corporate Banker Banking 19,160 USD
Corporate Dealer Banking 28,720 USD
Credit Analyst Banking 21,980 USD
Credit and Collections Manager Banking 36,020 USD
Credit Card Fraud Investigator Banking 29,160 USD
Credit Portfolio Manager Banking 53,160 USD
Credit Risk Analyst Banking 33,960 USD
Credit Risk Associate Banking 29,600 USD
Direct Bank Sales Representative Banking 21,100 USD
Exchange Control Consultant Banking 31,400 USD
Executive Account Analyst Banking 28,660 USD
Financial Bank Planning Consultant Banking 37,740 USD
Financial Banking Analysis Manager Banking 44,140 USD
Financial Banking Assistant Banking 13,960 USD
Financial Banking Systems Manager Banking 35,420 USD
Fraud Analyst Banking 28,860 USD
Fraud Detection Associate Banking 19,380 USD
Fraud Detection Manager Banking 46,400 USD
Fraud Detection Supervisor Banking 27,040 USD
Internal Bank Audit Manager Banking 51,080 USD
Internal Bank Auditor Banking 29,840 USD
Internal Private Banker Banking 20,000 USD
International Banking Manager Banking 59,240 USD
Investment Banking Analyst Banking 40,640 USD
Loan Analyst Banking 29,320 USD
Loan Area Manager Banking 34,480 USD
Loan Audit Team Leader Banking 33,120 USD
Loan Branch Manager Banking 35,500 USD
Loan Business Development Officer Banking 15,920 USD
Loan Clerk Banking 9,140 USD
Loan Collection and Recovery Manager Banking 34,480 USD
Loan Collection Manager Banking 37,200 USD
Loan Collector Banking 7,800 USD
Loan Examiner Banking 12,120 USD
Loan Officer Banking 12,840 USD
Loan Processing Manager Banking 32,020 USD
Loan Processor Banking 14,540 USD
Loan Quality Assurance Auditor Banking 30,840 USD
Loan Quality Assurance Manager Banking 31,380 USD
Loan Quality Assurance Representative Banking 23,380 USD
Loan Review Manager Banking 33,440 USD
Loan Team Leader Banking 28,180 USD
Loans Manager Banking 37,380 USD
Mortgage Advisor Banking 19,160 USD
Mortgage Collection Manager Banking 33,960 USD
Mortgage Collector Banking 7,820 USD
Mortgage Credit Analyst Banking 14,540 USD
Mortgage Credit Manager Banking 30,220 USD
Mortgage Development Manager Banking 39,160 USD
Mortgage Document Reviewer Banking 11,040 USD
Mortgage Funding Manager Banking 39,960 USD
Mortgage Operations Manager Banking 45,600 USD
Mortgage Payment Processing Clerk Banking 12,760 USD
Mortgage Processing Manager Banking 31,520 USD
Mortgage Processor Banking 10,980 USD
Mortgage Quality Assurance Auditor Banking 27,620 USD
Mortgage Quality Assurance Manager Banking 32,420 USD
Mortgage Servicing Clerk Banking 12,020 USD
Mortgage Servicing Manager Banking 31,340 USD
Mortgage Underwriter Banking 12,620 USD
Online Banking Manager Banking 45,580 USD
Payment Processing Clerk Banking 12,020 USD
Personal Banker Banking 21,560 USD
Personal Banking Advisor Banking 21,640 USD
Phone Banker Banking 13,900 USD
Private Banker Banking 19,160 USD
Reconciliation and Investigation Specialist Banking 24,820 USD
Tax Officer Banking 16,720 USD
Teller Banking 8,560 USD
Trade Officer Banking 12,180 USD
Trade Product Manager Banking 31,980 USD
Trader Banking 14,840 USD
Treasury Operations Officer Banking 27,380 USD

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