The July 2020 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ Q1 2020 earnings. The report serves as a key benchmarking tool for global corporations.
- North American and European companies reported a combined $12.21 billion in quantified negative currency impacts
- North American companies accounted for nearly 90 percent of the impact, reporting $10.77 billion in quantified impacts
- An average $0.04 EPS @ Risk was reported by North American companies, up $0.01 from the previous two quarters and four times the industry standard MBO of less than $0.01
- After a twelve quarter streak of the euro (EUR) being most referenced as impactful, the Brazilian real took its place as 34 percent of North American companies mentioned it as impactful during Q1 earnings calls
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