I wonder if exchange rates volatility during global recessions (usually, the US$ dollar and the Euro rise in relation to national currencies in developing countries) would add another point, at least for charities located in the developing world. (Personally, since my job is very stable and opportunities for investments scarce, I have been increasing my own donations to account for my declining consumption)
That’s a very interesting point I hadn’t considered. Yes, if the expenditure is in emerging markets, your money likely goes even further during global recessions
I wonder if exchange rates volatility during global recessions (usually, the US$ dollar and the Euro rise in relation to national currencies in developing countries) would add another point, at least for charities located in the developing world.
(Personally, since my job is very stable and opportunities for investments scarce, I have been increasing my own donations to account for my declining consumption)
That’s a very interesting point I hadn’t considered. Yes, if the expenditure is in emerging markets, your money likely goes even further during global recessions