Currency volatility caused by trade wars and Brexit costing companies billions

Kyriba’s Currency Impact Report (CIR) shows that global headwinds cost North American and European companies $22.5bn in FX losses in Q2 2019, taking the total above $44bn for the year. The combination of the currency war between the US and China alongside Brexit uncertainty has led to a record period of currency volatility, creating a collective negative currency impact of $22.5bn for North American and European corporations, according to the latest Kyriba Currency Impact Report (CIR).