The July 2021 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ earnings during the first quarter of 2021. To obtain this information, Kyriba analyzed the earnings calls of 1,200 publicly traded North American and European companies as part of a continued effort to provide insight into how foreign exchange impacts organizations.
Highlights:
- The collective quantified negative impact reported by both North American and European companies totaled $9.54 billion in Q1 2021, a 55 percent increase from Q4 2020.
- The renminbi was the currency most mentioned as impactful by North American companies, and the third most mentioned by European companies. The US dollar was the currency most mentioned as impactful by European companies.
- 95 North American and European companies reported currency headwinds in Q1 2021. Of those companies, 81 companies quantified their FX impacts.
