Accession Number : ADA308823
Title : Improving the International Currency Management System of Compassion International.
Descriptive Note : Master's thesis,
Corporate Author : AIR FORCE INST OF TECH WRIGHT-PATTERSON AFB OH
Personal Author(s) : Rice, Jonathan C., IV
PDF Url : ADA308823
Report Date : 09 APR 1996
Pagination or Media Count : 43
Abstract : The increasing global participation in Compassion International funding (both in total amounts and in number of contributing countries) presses us to evaluate whether its current international currency management system best serves Compassion's mission. Compassion deals with currencies from twenty-nine countries. In Fiscal Year 94-95, $49.4 million worth of funds were exposed to the fluctuations in foreign exchange rates. Compassion paid approximately $370,500 in transaction costs to exchange these funds. These fluctuations and costs make planning difficult and reduce the amount of funds which Compassion can spend on services for children. Given the constraints imposed by the international financial environment in which Compassion operates, the organization does a good job of managing its foreign exchange transactions. This project shows why Compassion is already doing well and how it could potentially do better.
Descriptors : *INTERNATIONAL, *MONEY, ENVIRONMENTS, MANAGEMENT PLANNING AND CONTROL, FOREIGN, RATES, COSTS, EXCHANGE, FINANCE.
Subject Categories : Economics and Cost Analysis
Distribution Statement : APPROVED FOR PUBLIC RELEASE