Last month, Treasury & Risk spoke with Kyriba’s Wolfgang Koester about that company’s Q1/2022 “Currency Impact Report.” The study examined the financial statements of 1,200 large public companies outside the financial services sector and found that they experienced more than US$9 billion of currency tailwinds in Q3/2021, a trend that increased their earnings per share (EPS) by an average of 4 cents for the quarter.

Late last week, Kyriba released its Q2/2022 “Currency Impact Report,” based on corporates’ reporting of Q4/2021 earnings. This latest analysis shows that by the end of last year, the currency winds had taken a fairly dramatic turn for the worse.

Some organizations were still feeling positive effects on their earnings from currency volatility through December. The North American companies in the study experienced these “tailwinds” through a cumulative $468 million improvement to corporate earnings.

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

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • 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.

Already have an account?


NOT FOR REPRINT

© 2023 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.

 

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.