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 $12 billion in total impacts to earnings from currency volatility.
- The total quantified currency impact reported by both North American and European companies totaled $12 billion in Q3 2021, a 57 percent decrease from Q2 2021.
- 15% of corporates studied (185/1200) quantified +/- impacts totaling $12 billion ($2.13 B headwinds), ($9.87 B tailwinds).
- The collective quantified negative impact reported by both North American and European companies totaled $2.13 billion in Q3 2021, a 50 percent decrease from Q2 2021.
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