The Kyriba Currency Impact Report is a comprehensive report detailing the impact of foreign exchange exposures among publicly traded companies. All companies in the report do business in more than one currency, with at least 15 percent of their revenue coming from nations that are located outside of their headquarters. The report serves as a key benchmarking tool for global corporations.
Kyriba January 2021 Currency Impact Report Highlights include:
- $9.82 billion reported lost due to currency volatility in Q3 2020 by North American and European multinational corporates
- 126 percent increase in FX impacts in a single quarter for European companies, causing more than $7.61 billion in foreign exchange (FX) losses in Q3 2020
- 84 percent decrease ($11.95 billion) in FX impacts for North American companies, likely due to the weakening of the U.S. dollar; yet North American companies still lost $2.21 billion—the ninth-largest impact since 2017
- $0.04 earnings per share (EPS) impact from currency volatility reported by North American companies in Q3 2020, four times greater than the industry standard MBO of less than $0.01 EPS impact
For more information about which industries were impacted, what currency pairs had the most impact, and graphical comparison of FX impacts since Q3 2016, register for the report here.
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