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INGO Foreign Exchange (FX) Insights Report 2021

Understand the FX issues impacting INGOs

Naziar Hashemi, Partner, National Head of Non Profits and Social Purpose Organisations
12/07/2021
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Our latest report, in association with CharityTransfers.org, draws on research from 114 UK charities with international operations. It provides insight into the big FX challenges and identifies possible areas for improvement.

While the research shows there is work to do, it is in many ways encouraging that most organisations recognise the risks they face, even if they sometimes lack the expertise or resources to manage them. This is particularly important to drive improvement as INGOs face significant financial challenges.

Key points from the report

  • Charity challenges
  • Protecting funding from foreign exchange volatility
  • Lack of transparency on FX remittance costs
  • Lack of competition when making transfers
  • Use of banks versus FX brokers
  • Transaction challenges
  • In-country payments – hard versus local currency
  • Difficulty setting accurate budget rates
  • Use of official policies to manage FX risk

Download the report

For further information, or to discuss the report’s findings and how it impacts your organisation, please contact Naziar Hashemi or your usual Crowe contact.

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Contact us

Naziar Hashemi
Naziar Hashemi
National Head of Social Purpose and Non Profits
London