The November 2023 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ Q2 2023 earnings. The report serves as a key benchmarking tool for global corporations.
Multinational companies experienced over $29bn in total impacts to earnings from currency volatility in the second quarter of 2023.
Publicly traded North American companies indicated the Canadian dollar (CAD) as the most impactful currency, with 44.4% of companies referencing it as impacting revenues; the euro (EUR) was second at 22.2%, and the Chinese yuan (CNY) was third with 16.7% of North American companies identifying it as impactful.
The euro was cited as one of the most impactful currencies by publicly traded European companies on earnings calls.
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