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Kyriba on Bloomberg TV: FX Moves Slammed Companies in 2Q 2020

October 28, 2020

Bloomberg interviews Kyriba Chief Evangelist Wolfgang Koester about the massive shifts in the currency markets, and the more than $17 billion in currency exchange losses in Q2 2020 reported by multinational companies in North America and Europe, according to the latest Kyriba Currency Impact Report. Koester said CFOs need a full view of their liquidity to actively manage FX risk, and this includes a view of cash, payments, supply chain finance and risk on one dashboard. Additionally, Koester warns multinational finance chiefs to prepare for real-time payments as China is poised to surprise markets with an electronic currency backed by the government.