Currency fluctuations’ impact on N. American costs rose sharply in Q3

January 31, 2023

The negative impact of currency fluctuations on North American companies’ results rose sharply again in the third quarter of 2022, data from treasury and financial management firm Kyriba showed on Tuesday. The collective exchange-rate hit, including on companies in the United States, Canada and Mexico, was $43.15 billion in the third quarter of last year – the highest negative impact on record for the firm with data going back to 2013, Kyriba said in its report.