Kyriba’s Currency Impact Report (CIR), a comprehensive report detailing the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe, revealed negative impact from currency volatility of $6.16 billion.
Highlights:
- European companies reported $4.77 billion in FX-related negative impact
- North American corporations reported $1.39 billion in negative impact
- The average earnings per share (EPS) impact from currency volatility reported by North American companies in Q4 2020 dropped to $0.03
- Download the report to see which currencies were most impactful, and top five industries experienced the greatest negative impact
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