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OSP | FAQ | Foreign Currency Rates

Foreign Currency Rates

For proposals with proposed foreign subcontractors, OSP will use the applicable exchange rate at the time the proposal budget is created.

Thus, foreign subcontractors assume the risk if changes in foreign currency rates occur after the proposal is submitted and awarded by a sponsor. Therefore, PIs are encouraged to advise their proposed foreign subcontractors that American University is not responsible for changes in currency rates that may occur after the proposal is submitted.