The July 2020 Kyriba Currency Impact Report analyses the reported effects of currencies to European and North American companies’ Q1 2020 earnings. The report serves as a key benchmarking tool for global corporations.
- European and North American companies reported a combined $12.21 billion in quantified negative currency impacts.
- European companies reported a 58% increase in negative currency impacts, with companies reporting $1.44 billion in FX-related losses.
- Of the 350 Europe-based multinationals analysed, 5% reported headwinds in Q1 2020.
- The Brazilian Real replaced the Euro after a 12 quarter streak of being referenced as the most impactful. 34% of North American companies referred to it as impactful during Q1 earnings calls.
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