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.
Report highlights:
- 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.
