As currency volatility has spiked in recent months, we'vealso seen a spike in the impact that currency swings are having oncorporate earnings. In the “2016 Global Foreign Exchange Survey,”which Deloitte released in March, the firm predicts that levels ofuncertainty in foreign exchange (FX) will remain high throughoutthis year.

The survey asked corporate treasurers and treasury professionalsaround the world, in organizations with US$1 billion or more inannual revenue, about how they're managing currency risk. Itidentified some critical areas for improvement in corporate FX riskmanagement practices in preparation for the ongoing volatility.

Treasury & Risk sat down with NiklasBergentoft, director of global treasury advisory services atDeloitte & Touche LLP, and Richard Brooks, specialist leader inthe global treasury advisory services group, to discuss the surveyresults, as well as what companies should be doing to improve theirtreasury function's ability to manage currency risk moreeffectively.