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The University faced a challenge - they received grants in EUR periodically throughout the year, and have previously had reasonable certainty on the amount of funds they would receive in GBP over the next 6 months. However, with fluctuating and unpredictable exchange rates, an increasing concern and uncertainty on what the value of the periodic grants would be, posed a significant challenge to the University – leaving the University at risk when planning the financial year ahead.
1The Complete University Guide (CUG) 2018
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