Kyriba's January 2023 Currency Impact Report

According to Kyriba's January 2023 Currency Impact Report (CIR), North American corporates sustained a staggering $43.15 billion in negative impacts to earnings from currency volatility.

The combined pool of North American and European corporations reported $17.04 billion in tailwinds and $47.18 billion in headwinds in the third quarter of 2022.


  • The average earnings per share (EPS) impact from currency volatility reported by North American companies in Q3 2022 increased to $0.05.
  • North American companies reported a 26.6% increase in FX headwinds compared to the previous quarter.
  • European companies reported a 68% percent increase in FX related headwinds.

Kyriba's Currency Impact Report is the most comprehensive quarterly report of its kind, detailing the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe with at least 15 percent of their revenue coming from overseas. 

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