Foreign Exchange Manager Average Salary in Jakarta 2026
How much money does a person working as Foreign Exchange Manager make in Jakarta?
LOW
11M
IDR AVERAGE
21M
IDR HIGH
33M
IDR
A person working as Foreign Exchange Manager in Jakarta typically earns around 21M IDR. Salaries range from 11M IDR (lowest) to 33M IDR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Foreign Exchange Manager salaries in Jakarta vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Foreign Exchange Manager Pay Scale and Salaries in Jakarta
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Foreign Exchange Manager in Jakarta range from 11M IDR (starting salary) to 33M IDR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 20M IDR, half of the professionals who work as Foreign Exchange Manager in Jakarta earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Foreign Exchange Manager in Jakarta earn less than 16M IDR, while 75% earn more. Similarly, the chart shows that 75% earn less than 23M IDR while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Foreign Exchange Manager in Jakarta compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 13M IDR to 17M IDR. About 20% of salaries are below the 13M IDR mark, while 10% fall within the range of 17M IDR to 20M IDR. Only 5% of individuals have salaries exceeding 20M IDR.
Salary Comparison by Years of Experience / Foreign Exchange Manager / Jakarta
How do experience and age affect pay?
| 0 - 2 Years | 13M IDR | |
| 2 - 5 Years | +32% | 17M IDR |
| 5 - 10 Years | +34% | 23M IDR |
| 10 - 15 Years | +19% | 27M IDR |
| 15 - 20 Years | +8% | 29M IDR |
| 20+ Years | +7% | 31M IDR |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Foreign Exchange Manager and this is what we found.
Employees with less than two years of experience earn approximately 13M IDR.
While someone with an experience level between two and five years is expected to earn 17M IDR, 32% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 23M IDR, 34% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 27M IDR, 19% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 29M IDR, 8% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 31M IDR, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Foreign Exchange Manager / Jakarta
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Foreign Exchange Manager.
| Bachelor's Degree | 18M IDR | |
| Master's Degree | +58% | 29M IDR |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Foreign Exchange Manager in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 18M IDR.
Level 2: Master's Degree
At this level, the average salary becomes 29M IDR, 58% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Indonesia costs anywhere from 61M IDR to 183M IDR and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Foreign Exchange Manager / Jakarta
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Foreign Exchange Manager in Indonesia, the average difference between the salary of male and female employees is 6%.
| Male | 20M IDR | |
| Female | -6% | 19M IDR |
Average Annual Salary Increment Percentage / Foreign Exchange Manager / Jakarta
How much are annual salary increments in Jakarta for individuals working as Foreign Exchange Manager? How often do employees get salary raises?
Individuals working as Foreign Exchange Manager in Indonesia are likely to observe a salary increase of approximately 12% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Foreign Exchange Manager / Indonesia
How much and how often are bonuses being awarded?
19% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 81% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 8% of their annual salary.
| Received Bonus | 81% | |
| No Bonus | 19% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Foreign Exchange Manager / Jakarta
The average hourly wage (pay per hour) for individuals working as Foreign Exchange Manager in Jakarta is 123,000 IDR.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Foreign Exchange Manager in Jakarta is 61,500 IDR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Banking | ||
| AML Analyst | 22M IDR |  +100% |
| Assistant Bank Branch Manager | 18M IDR |  -100% |
| Assistant Bank Manager | 23M IDR | +100% |
| ATM Manager | 20M IDR | -100% |
| ATM Service Technician | 5.8M IDR | +100% |
| Bank Accounts Analyst | 7.8M IDR | +100% |
| Bank Accounts Collector | 4.8M IDR | +100% |
| Bank Accounts Controller | 10M IDR | -100% |
| Bank Accounts Executive | 15M IDR | -100% |
| Bank Accounts Manager | 18M IDR | -100% |
| Bank Auditing Manager | 18M IDR | -100% |
| Bank Branch Manager | 26M IDR | +100% |
| Bank Branch Operations Coordinator | 11M IDR | -100% |
| Bank Clerk | 4.8M IDR | +100% |
| Bank Client Service Associate | 6.8M IDR | +100% |
| Bank Collector | 5M IDR | +100% |
| Bank Compliance Specialist | 14M IDR | -100% |
| Bank Manager | 30M IDR | +100% |
| Bank Operational Risk Manager | 30M IDR | +100% |
| Bank Operations Head | 29M IDR | +100% |
| Bank Operations Officer | 11M IDR | -100% |
| Bank Operations Specialist | 18M IDR | -100% |
| Bank Process Manager | 17M IDR | -100% |
| Bank Product Manager | 19M IDR | -100% |
| Bank Programme Manager | 20M IDR | -100% |
| Bank Project Manager | 22M IDR | +100% |
| Bank Propositions Manager | 22M IDR | +100% |
| Bank Quantitative Analyst | 15M IDR | -100% |
| Bank Regional Manager | 31M IDR | +100% |
| Bank Regional Risk Officer | 15M IDR | -100% |
| Bank Relationship Manager | 21M IDR | +100% |
| Bank Relationship Officer | 9.7M IDR | +100% |
| Bank Sustainability Analyst | 17M IDR | -100% |
| Bank Teller | 5.3M IDR | +100% |
| Banker | 10M IDR | -100% |
| Banking Business Analyst | 16M IDR | -100% |
| Banking Business Development Officer | 9.5M IDR | +100% |
| Banking Business Planning Executive | 22M IDR | +100% |
| Banking Data Analyst | 18M IDR | -100% |
| Banking Product Manager | 20M IDR | -100% |
| Banking Reference Data Manager | 17M IDR | -100% |
| Banking Regulatory Compliance Officer | 17M IDR | -100% |
| Banking Risk Analyst | 15M IDR | -100% |
| Banking Technical Analyst | 7.8M IDR | +100% |
| Bankruptcy Coordinator | 11M IDR | -100% |
| Bill and Account Collector | 5.6M IDR | +100% |
| Blockchain Analyst | 14M IDR | -100% |
| Blockchain Architect | 15M IDR | -100% |
| Blockchain Auditor | 14M IDR | -100% |
| Blockchain Compliance Analyst | 15M IDR | -100% |
| Blockchain Consultant | 14M IDR | -100% |
| Blockchain Trade Facilitator | 12M IDR | -100% |
| Budget Analyst | 15M IDR | -100% |
| Capital Risk Manager | 28M IDR | +100% |
| Cards Marketing Manager | 18M IDR | -100% |
| Cash Management Manager | 27M IDR | +100% |
| Check Processing Manager | 19M IDR | -100% |
| Chief Blockchain Officer | 16M IDR | -100% |
| Commercial Vault Associate | 15M IDR | -100% |
| Corporate Banker | 11M IDR | -100% |
| Corporate Dealer | 16M IDR | -100% |
| Credit Analyst | 12M IDR | -100% |
| Credit and Collections Manager | 21M IDR | +100% |
| Credit Card Fraud Investigator | 17M IDR | -100% |
| Credit Portfolio Manager | 27M IDR | +100% |
| Credit Risk Analyst | 17M IDR | -100% |
| Credit Risk Associate | 16M IDR | -100% |
| Cryptocurrency Accountant | 9.5M IDR | +100% |
| Cryptocurrency Adviser | 19M IDR | -100% |
| Cryptocurrency Analyst | 15M IDR | -100% |
| Cryptocurrency Compliance Manager | 17M IDR | -100% |
| Cryptocurrency Trader | 16M IDR | -100% |
| Digital Banking Manager | 20M IDR | -100% |
| Digital Currency Analyst | 15M IDR | -100% |
| Direct Bank Sales Representative | 11M IDR | -100% |
| Exchange Control Consultant | 17M IDR | -100% |
| Executive Account Analyst | 16M IDR | -100% |
| Financial Bank Planning Consultant | 19M IDR | -100% |
| Financial Banking Analysis Manager | 24M IDR | +100% |
| Financial Banking Assistant | 7.2M IDR | +100% |
| Financial Banking Systems Manager | 21M IDR | +100% |
| Foreign Exchange Manager | 21M IDR | +100% |
| Fraud Analyst | 16M IDR | -100% |
| Fraud Detection Associate | 11M IDR | -100% |
| Fraud Detection Manager | 25M IDR | +100% |
| Fraud Detection Supervisor | 14M IDR | -100% |
| Internal Bank Audit Manager | 28M IDR | +100% |
| Internal Bank Auditor | 15M IDR | -100% |
| Internal Private Banker | 11M IDR | -100% |
| International Banking Manager | 30M IDR | +100% |
| Investment Banking Analyst | 22M IDR | +100% |
| Loan Analyst | 16M IDR | -100% |
| Loan Area Manager | 19M IDR | -100% |
| Loan Audit Team Leader | 18M IDR | -100% |
| Loan Branch Manager | 18M IDR | -100% |
| Loan Business Development Officer | 9.1M IDR | +100% |
| Loan Clerk | 5.5M IDR | +100% |
| Loan Collection and Recovery Manager | 18M IDR | -100% |
| Loan Collection Manager | 19M IDR | -100% |
| Loan Collector | 5.1M IDR | +100% |
| Loan Examiner | 6.4M IDR | +100% |
| Loan Officer | 6.1M IDR | +100% |
| Loan Processing Manager | 16M IDR | -100% |
| Loan Processor | 7.1M IDR | +100% |
| Loan Quality Assurance Auditor | 15M IDR | -100% |
| Loan Quality Assurance Manager | 17M IDR | -100% |
| Loan Quality Assurance Representative | 12M IDR | -100% |
| Loan Review Manager | 17M IDR | -100% |
| Loan Team Leader | 16M IDR | -100% |
| Loans Manager | 20M IDR | -100% |
| Mortgage Advisor | 11M IDR | -100% |
| Mortgage Collection Manager | 18M IDR | -100% |
| Mortgage Collector | 5.1M IDR | +100% |
| Mortgage Credit Analyst | 7.7M IDR | +100% |
| Mortgage Credit Manager | 17M IDR | -100% |
| Mortgage Development Manager | 20M IDR | -100% |
| Mortgage Document Reviewer | 6.4M IDR | +100% |
| Mortgage Funding Manager | 20M IDR | -100% |
| Mortgage Operations Manager | 26M IDR | +100% |
| Mortgage Payment Processing Clerk | 5.9M IDR | +100% |
| Mortgage Processing Manager | 18M IDR | -100% |
| Mortgage Processor | 6.7M IDR | +100% |
| Mortgage Quality Assurance Auditor | 16M IDR | -100% |
| Mortgage Quality Assurance Manager | 17M IDR | -100% |
| Mortgage Servicing Clerk | 5.3M IDR | +100% |
| Mortgage Servicing Manager | 18M IDR | -100% |
| Mortgage Underwriter | 6.6M IDR | +100% |
| Online Banking Manager | 27M IDR | +100% |
| Open Banking Strategist | 15M IDR | -100% |
| Payment Processing Clerk | 5.7M IDR | +100% |
| Personal Banker | 11M IDR | -100% |
| Personal Banking Advisor | 11M IDR | -100% |
| Phone Banker | 7.3M IDR | +100% |
| Private Banker | 11M IDR | -100% |
| Reconciliation and Investigation Specialist | 13M IDR | -100% |
| Tax Officer | 8.8M IDR | +100% |
| Teller | 5.2M IDR | +100% |
| Trade Officer | 6.3M IDR | +100% |
| Trade Product Manager | 19M IDR | -100% |
| Trader | 7.4M IDR | +100% |
| Treasury Operations Officer | 13M IDR | -100% |
| Wealth Management Advisor | 22M IDR | +100% |
Salary Comparison By City
| City | Average Salary |
| Jakarta | 21M IDR |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Indonesia is 9% on average across all career fields.
| Private Sector | 12M IDR | |
| Public Sector | +9% | 13M IDR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Foreign Exchange Manager in Jakarta?
A good and competitive compensation would range anywhere between 20M IDR and 23M IDR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Foreign Exchange Manager in Jakarta ranges from 11M IDR to 16M IDR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios.