Should I worry about currency exchange risk?

Our loans are recorded in US dollars, so there is no currency exchange risk if you lend with US dollars. Although we disburse funds to students in the local currency, we record loans using the USD midpoint exchange rate on the day the funds are sent. Once in repayment, we record loan repayments again using the midpoint exchange rate on the day the funds were received.

 | More Zomia News