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 $27.87 billion in total impacts to earnings from currency volatility.
Highlights:
- North American companies experienced greater headwinds than their European counterparts, reporting $2.32 billion in FX-related negative impacts, compared to $1.93 billion
- The average earnings per share (EPS) impact from currency volatility reported by North American companies in Q2 2021 held steady at $0.03
- For the third time in four quarters, North American companies indicated the euro (EUR) as the most impactful currency
- The U.S. dollar (USD) remained the currency most mentioned as impactful by European companies for the fourth quarter in a row
Fill out the form below to get your copy of the comprehensive report.