The October 2020 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ Q2 2020 earnings. The report serves as a key benchmarking tool for global corporations.
- North American and European companies reported a combined $17.53 billion in quantified negative currency impacts
- North American companies accounted for 80 percent of the impact, reporting $14.16 billion in quantified impacts
- An average $0.04 EPS @ Risk was reported by North American companies, remained the same from the previous quarter and four times the industry standard MBO of less than $0.01
- The Brazilian real (BRL) was again referenced as most impactful by North American companies for the second quarter in a row, being mentioned in 28 percent of earnings calls in which companies named specific currencies that impacted their revenue.
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