Last week, Treasury & Risk started a conversation with Andy Gage, senior vice president of FX, risk solutions, and advisory services for Kyriba, about how companies are dealing with the trifecta of market conditions currently making it incredibly challenging to mitigate foreign exchange (FX) risk: spikes in currency volatility; the dollar reaching a 20-year high; and increasing interest rates, which raise the cost of hedging.
We started by reviewing some of the headline statistics from Kyriba's October 2022 "Currency Impact Report," then moved on to discuss how companies are dealing with the challenges of the current market environment.
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