Subject: DeVere USA, Inc. File No. 3-18527
From: Matthew Hughes
Affiliation:

May. 21, 2020

To whom it may concern,

It has occurred to me that the exchange rate now from GBP to USD is considerably lower than when I invested.

Does the fair fund take into account any monies being paid back to investors should be at the exchange rate when the transfer was made rather than today’s rate?

Thank you,

Matt Hughes