Volatility in the foreign exchange markets has become agreater concern for finance professionals over the past year,according to the annual risk survey released by the Association for FinancialProfessionals.

Thirty percent of the 335 finance professionals whom the AFPsurveyed listed currency risk as one of their top five concerns, upfrom just 16% who cited it as a top concern in last year's survey.Currency risk was the fourth-highest–ranked concern in the 2016survey, following only political and regulatory uncertainty, whichwas cited by 43%; tougher competition (42%); and customersatisfaction and retention (40%).

“It's interesting that currency volatility made it into the topfive for the first time,” said Craig Martin, executive director ofAFP's Corporate Treasurers Council. “Thehit to earnings from currency translation losses has certainlybeen a factor in multinationals' earnings for well over a yearnow.”