Currency Impact Report: July 2022

The Kyriba July 2022 Currency Impact Report Reveals FX Impacts Surge to $24 Billion for Multinationals. ​North American corporations experienced a $14+ billion hit to their earnings, more than 200% single quarter spike in headwinds.

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A few highlights include:

  • Publicly traded North American companies that qualified to be monitored in the Q1 2022 CIR reported a combined $14.66 billion in headwinds, and $522 million in tailwinds
  • Earnings per share impact in North America decreased to .03 (vs $0.04), three times greater than the industry standard MBO of less than $0.01 EPS
  • The ruble was the currency most mentioned as impactful by European companies on earnings calls, followed by the Swedish krona and the U.S. dollar ranking third

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