Stock illustration: Taking a big-picture view across gears

Kyriba's latest "Currency Impact Report" estimates that North American companies experienced $9.32 billion in currency tailwinds late last year. The study is based on an analysis of Q3/2021 earnings calls by 1,200 large multinationals that operate outside the financial services sector. (Note that Kyriba's next "Currency Impact Report" comes out next month.)

In the current study, one-third of North American companies reported that shifts in the value of the Canadian dollar affected their financials, while just over a quarter identified the euro as impactful. The vast majority of these organizations felt positive effects from the changes to foreign exchange (FX) rates—i.e., "tailwinds." And among companies experiencing tailwinds, the FX swings improved earnings per share (EPS) by 4 cents on average.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.