The July 2019 Kyriba Currency Impact Report, compiled by FiREapps, a Kyriba Company, analyzes the reported effects of currencies to North American and European companies’ Q1 2019 earnings. The report serves as a key benchmarking tool for global corporations.
- North American companies lost nearly $1 million a day in currency-related losses
- $26.7 billion in negative FX impacts were reported by North American and European multinationals
- Q1 2019 showed the largest amount of headwinds for North American companies in three years
- The euro was named the most impactful currency by both North American and European companies
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