The October 2021 Report Shows Persistent FX Vulnerability for North American Corporations Reporting $22.93 Billion in Q2 Tailwinds
SAN DIEGO, Oct 27 (Bernama-BUSINESS WIRE) — Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report that details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe, reveals $27.87 billion in total impacts to earnings from currency volatility. The combined pool of corporations reported $23.62 billion in tailwinds and $4.25 billion in headwinds in the second quarter of 2021. North American companies experienced greater headwinds than their European counterparts, reporting $2.32 billion in FX-related negative impacts — a decrease of 153% from the previous quarter. By comparison, European corporations reported $1.93 billion in negative impacts — a decrease of 45% from the previous quarter.