Tuesday, September 23, 2008

Managing foreign exchange in library projects

So how can a small NGO operating in Africa easily insure itself against foreign exchange volatility? Guess we could just immediately divide every donation into dollars and euros of euros now? The first chart is the last year of the dollar against the CFA of French West Africa, the second is the longer term decline of the dollar against the Ugandan shilling, and the last the dollar against the Ghanaian cedi (dollar appreciation).

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