#  Foreign Awards Paid in Foreign Currency 

 



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At times, the University is unable to negotiate payment from foreign sponsors in U.S. Dollars (USD). In those instances, it is recommended that school/tubs consider obligating such awards at 90% to accommodate potential foreign currency fluctuations that occur over the life of the award. A process for managing these types of awards is available on in the [Foreign Awards Paid in Foreign Currency Guidance](/foreign-awards-paid-foreign-currency-guidance) on the OSP website. This guidance outlines a process to manage foreign currency fluctuations in order to minimize cash losses.