Currency Impact Reports

The November 2023 Kyriba Currency Impact Report analyzes the reported effects of currencies on North American and European companies during Q2/23.

The November 2023 Kyriba Currency Impact Report analyzes the reported effects of currencies on North American and European companies during Q2/23.

Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe with at least 15 percent of their revenue coming from overseas, sustained $49.09 billion in total impacts to earnings from currency volatility.

A Quarterly Report Assessing the Impact of Foreign Exchange to North American and European Corporate Earnings About the Report The July 2023 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ earnings during the first quarter of 2023. To obtain this information, Kyriba analyzed the earnings calls of 1,200 publicly traded North American and European companies as part of a continued effort to provide insight into how foreign exchange impacts organizations. The companies included in this data set are large multinational firms doing business in more than one currency with at least 15% of their revenue coming from overseas. [toc]   Currency Impact Report - Overview Kyriba Currency Impact Report: Key Findings The collective quantified negative impact reported by both North American and European companies totaled $22.52 billion in Q1 2023, a 25.5% decrease from Q4 2022. 14% of corporates studied (166/1200) quantified +/- impacts totaling $32.21 billion ($30.22 billion headwinds), ($1.99 billion tailwinds). The euro was the currency most mentioned as impactful by North American and European companies, the Argentinian peso was the most volatile currency. 162 North American and European companies reported currency headwinds in Q1 2023. Of those companies, 152 (93.8%) companies quantified their FX impacts. Total Quantified Currency Impacts by North American and European Companies (Billions) North American Companies’ Quantified Currency Impact (Billions) European Companies’ Quantified Currency Impact (Billions) Top 5 Volatile G20 Currencies Top 5 Volatile Currencies as Weighted by GDP Percentage Currency Impact on North American Corporate Earnings Negative Currency Impact to North American Companies (Billions) Average EPS Impact Reported by North American Companies *Industry Standard MBO of Less than $0.01 EPS Impact Currency Impact on North American Corporate Earnings North American companies reported a $21.24 billion impact in Q1 2023, 27% smaller than the impact in Q4 2022.1 The average earnings per share (EPS) impact reported by North American companies in Q1 2023 was $0.06, six times greater than the industry standard MBO of less than $0.01 EPS impact. 1 Impacts are likely underestimates as most companies with currency headwinds generally do not report them. Top Currencies Referenced by North American Companies as Impactful The euro was the most mentioned currency, a continuation from the prior two quarters. The Canadian dollar was the second most-mentioned, followed by the Chinese renminbi, the Japanese yen, and the Brazilian real. The euro was the most volatile currency weighted by GDP (page 6). Number and Percentage of North American Companies Reporting and Quantifying Negative Currency Impacts Average Negative Impact to North American Companies (Millions) Percentage of North American Companies That Fielded Analyst Questions In Q1 2023 earnings calls, 3 percent of North American companies that reported impacts fielded analyst questions. Most Impacted North American Industries Currency Impact on European Corporate Earnings Negative Currency Impact to European Companies (Billions) Currency Impact on European Corporate Earnings Stable from last quarter, European companies reported no change in the negative currency impacts, with companies reporting $1.28 billion in FX-related losses.2 Of the 350 Europe-based multinationals analyzed, 2.6% reported headwinds in Q1 2023. Of those, 67% quantified their negative impacts (see page 15). 2 Impacts are likely underestimates as most companies with currency headwinds generally do not report them. Top Currencies Referenced by European Companies as Impactful The euro was the most mentioned currency in earnings calls for Europe, followed by the United States dollar and the Danish krone. The Swedish krona was the fourth most mentioned, followed by the Chinese renminbi. The euro and the Chinese renminbi was the first and second most volatile currency weighted by GDP, respectively (page 6). Number and Percentage of European Companies Reporting and Quantifying Negative Currency Impacts Average Negative Impact to European Companies (Millions) Percentage of European Companies That Fielded Analyst Questions In Q1 2023 earnings calls, 2 percent of European companies that reported impacts fielded analyst questions. Most Impacted European Industries Comparison of Currency Impact to North American and European Companies Average Quantified Negative Currency Impact (Millions) Size of Quantified Negative Currency Impact (Billions) Number of Companies Reporting Currency Impacts Percentage of Companies Reporting Impacts That Fielded Analyst Questions Quantified Negative Currency Impact (Billions) Number of Companies Reporting Negative Currency Impact   Want to learn more about how volatility in the currency market has impacted earnings? Join Kyriba FX experts in this dedicated webinar to breakdown the key insights from the Kyriba's July 2023 Currency Impact Report.

Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe with at least 15 percent of their revenue coming from overseas, sustained $49.09 billion in total impacts to earnings from currency volatility.

A Quarterly Report Assessing the Impact of Foreign Exchange to North American and European Corporate Earnings About the Report The May 2023 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ earnings during the fourth quarter of 2022. To obtain this information, Kyriba analyzed the earnings calls of 1,200 publicly traded North American and European companies as part of a continued effort to provide insight into how foreign exchange impacts organizations. The companies included in this data set are large multinational firms doing business in more than one currency with at least 15% of their revenue coming from overseas. [toc]   Currency Impact Report - Overview Kyriba Currency Impact Report: Key Findings The collective quantified negative impact reported by both North American and European companies totaled $30.26 billion in Q4 2022, a 35.9% decrease from Q3 2022. 14% of corporates studied (166/1200) quantified +/- impacts totaling $32.21 billion ($30.22 billion headwinds), ($1.99 billion tailwinds). The euro was the currency most mentioned as impactful by North American and European companies, while the Korean won was the most volatile currency. 163 North American and European companies reported currency headwinds in Q4 2022. Of those companies, 154 (94.5%) companies quantified their FX impacts. Total Quantified Currency Impacts by North American and European Companies (Billions) North American Companies’ Quantified Currency Impact (Billions) European Companies’ Quantified Currency Impact (Billions) Top 5 Volatile G20 Currencies Top 5 Volatile Currencies as Weighted by GDP Percentage Currency Impact on North American Corporate Earnings Negative Currency Impact to North American Companies (Billions) Average EPS Impact Reported by North American Companies *Industry Standard MBO of Less than $0.01 EPS Impact Currency Impact on North American Corporate Earnings North American companies reported a $28.94 billion impact in Q2 2022, 33% smaller than the impact in Q3 2022.1 The average earnings per share (EPS) impact reported by North American companies in Q4 2022 was $0.05, five times greater than the industry standard MBO of less than $0.01 EPS impact. 1 Impacts are likely underestimates as most companies with currency headwinds generally do not report them. Top Currencies Referenced by North American Companies as Impactful The euro was the most mentioned currency, a continuation from the prior quarter. The Canadian dollar was the second most-mentioned, followed by the Japanese Yen, the Australian dollar, and the Brazilian real. The euro was the most volatile currency weighted by GDP (page 6). Number and Percentage of North American Companies Reporting and Quantifying Negative Currency Impacts Average Negative Impact to North American Companies (Millions) Percentage of North American Companies That Fielded Analyst Questions In Q4 2022 earnings calls, 10 percent of North American companies that reported impacts fielded analyst questions. Most Impacted North American Industries Currency Impact on European Corporate Earnings Negative Currency Impact to European Companies (Billions) Currency Impact on European Corporate Earnings Increasing from last quarter, European companies reported an 68% percent increase in negative currency impacts, with companies reporting $1.28 billion in FX-related losses.2 Of the 350 Europe-based multinationals analyzed, 1.1% reported headwinds in Q4 2022. Of those, 100% quantified their negative impacts (see page 15). 2 Impacts are likely underestimates as most companies with currency headwinds generally do not report them. Top Currencies Referenced by European Companies as Impactful The euro was the most mentioned currency in earnings calls for Europe, followed by the United States dollar and the Swedish krona. The Danish krone was the fourth most mentioned, followed by the Russian ruble. The ruble was the third most volatile currency as well as the fifth most volatile currency weighted by GDP (page 6). Number and Percentage of European Companies Reporting and Quantifying Negative Currency Impacts Average Negative Impact to European Companies (Millions) Percentage of European Companies That Fielded Analyst Questions In Q4 2022 earnings calls, 2 percent of European companies that reported impacts fielded analyst questions. Most Impacted European Industries Comparison of Currency Impact to North American and European Companies Average Quantified Negative Currency Impact (Millions) Size of Quantified Negative Currency Impact (Billions) Number of Companies Reporting Currency Impacts Percentage of Companies Reporting Impacts That Fielded Analyst Questions Quantified Negative Currency Impact (Billions) Number of Companies Reporting Negative Currency Impact   FX Risk Management is one of the most difficult objectives handed to a CFO’s organization. Kyriba has a team of experts to offer extensive FX Advisory Services to our clients. Check out Kyriba's latest demo session and see how Kyriba helps its clients mitigate the effects of currency volatility and reduce hedging costs.

A Quarterly Report Assessing the Impact of Foreign Exchange to North American and European Corporate Earnings About the Report The January 2023 Kyriba Currency Impact Report analyzes the reported effects of currency volatility to...

A Quarterly Report Assessing the Impact of Foreign Exchange to North American and European Corporate Earnings About the Report The January 2023 Kyriba Currency Impact Report analyzes the reported effects of currency volatility to North American and European companies’ earnings during the third quarter of 2022. To obtain this information, Kyriba analyzed the earnings calls of 1,200 publicly traded North American and European companies as part of a continued effort to provide insight into how foreign exchange impacts organizations. The companies included in this data set are large multinational firms doing business in more than one currency with at least 15% of their revenue coming from overseas. [toc]   Currency Impact Report - Overview Kyriba Currency Impact Report -Key Findings The collective quantified negative impact reported by both North American and European companies totaled $47.18 billion in Q3 2022, a 26.6% increase from Q2 2022. 24% of corporates studied (289/1200) quantified +/- impacts totaling $64.22 billion ($47.18 billion headwinds), ($17.04 billion tailwinds). The euro was the currency most mentioned as impactful by North American and European companies, the Argentine peso was the most volatile currency. 256 North American and European companies reported currency headwinds in Q3 2022. Of those companies, 244 companies quantified their FX impacts. Total Quantified Currency Impacts by North American and European Companies (Billions) North American Companies’ Quantified Currency Impact (Billions) European Companies’ Quantified Currency Impact (Billions) Top 5 Volatile G20 Currencies Top 5 Volatile Currencies as Weighted by GDP Percentage Currency Impact on North American Corporate Earnings Negative Currency Impact to North American Companies (Billions) Average EPS Impact Reported by North American Companies *Industry Standard MBO of Less than $0.01 EPS Impact Currency Impact on North American Corporate Earnings North American companies reported a $43.15 billion impact in Q3 2022, 26% larger than the impact in Q2 2022.1 The average earnings per share (EPS) impact reported by North American companies in Q3 2022 was $0.05, five times greater than the industry standard MBO of less than $0.01 EPS impact. 1 Impacts are likely underestimates as most companies with currency headwinds generally do not report them. Top Currencies Referenced by North American Companies as Impactful The euro was the most mentioned currency, a continuation from the prior quarter. The Canadian dollar was the second most-mentioned, followed by the Russian ruble, the Chinese renminbi, and the yen. The euro was the most volatile currency weighted by GDP (page 6). Number and Percentage of North American Companies Reporting and Quantifying Negative Currency Impacts Average Negative Impact to North American Companies (Millions) Percentage of North American Companies That Fielded Analyst Questions In Q3 2022 earnings calls, 22 percent of North American companies that reported impacts fielded analyst questions. Most Impacted North American Industries Currency Impact on European Corporate Earnings Negative Currency Impact to European Companies (Billions) Currency Impact on European Corporate Earnings Increasing from last quarter, European companies reported an 33% percent increase in negative currency impacts, with companies reporting $4.03 billion in FX-related losses.2 Of the 350 Europe-based multinationals analyzed, 1.7% reported headwinds in Q3 2022. Of those, 100% quantified their negative impacts (see page 15). 2 Impacts are likely underestimates as most companies with currency headwinds generally do not report them. Top Currencies Referenced by European Companies as Impactful The euro was the most mentioned currency in earnings calls for Europe, followed by the Swedish krona and the US dollar. The Danish krone was the fourth most mentioned, followed by the Russian ruble. The ruble was the fourth most volatile currency as well (page 6). Number and Percentage of European Companies Reporting and Quantifying Negative Currency Impacts Average Negative Impact to European Companies (Millions) Percentage of European Companies That Fielded Analyst Questions In Q3 2022 earnings calls, 3 percent of European companies that reported impacts fielded analyst questions. Most Impacted European Industries Comparison of Currency Impact to North American and European Companies Average Quantified Negative Currency Impact (Millions) Size of Quantified Negative Currency Impact (Billions) Number of Companies Reporting Currency Impacts Percentage of Companies Reporting Impacts That Fielded Analyst Questions Quantified Negative Currency Impact (Billions) Number of Companies Reporting Negative Currency Impact   FX Risk Management is one of the most difficult objectives handed to a CFO’s organization. Kyriba has a team of experts to offer extensive FX Advisory Services to our clients. Check out Kyriba's latest demo session and see how Kyriba helps its clients mitigate the effects of currency volatility and reduce hedging costs.

Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe with at least 15 percent of their revenue coming from overseas, sustained $49.09 billion in total impacts to earnings from currency volatility.

A Quarterly Report Assessing the Impact of Foreign Exchange to North American and European Corporate Earnings About the Report The October 2022 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ earnings during the second quarter of 2022. To obtain this information, Kyriba analyzed the earnings calls of 1,200 publicly traded North American and European companies as part of a continued effort to provide insight into how foreign exchange impacts organizations. The companies included in this data set are large multinational firms doing business in more than one currency with at least 15% of their revenue coming from overseas. [toc]   Currency Impact Report - Overview Kyriba Currency Impact Report: Key Findings The collective quantified negative impact reported by both North American and European companies totaled $37.27 billion in Q2 2022, a 126% increase from Q1 2022. 24% of corporates studied (284/1200) quantified +/- impacts totaling $49.09 billion ($37.27 billion headwinds), ($11.82 billion tailwinds). The Russian ruble was the currency most mentioned as impactful by North American companies, as third most by European companies. 243 North American and European companies reported currency headwinds in Q2 2022. Of those companies, 229 companies quantified their FX impacts. Total Quantified Currency Impacts by North American and European Companies (Billions) North American Companies’ Quantified Currency Impact (Billions) European Companies’ Quantified Currency Impact (Billions) Top 5 Volatile G20 Currencies Top 5 Volatile Currencies as Weighted by GDP Percentage Currency Impact on North American Corporate Earnings Negative Currency Impact to North American Companies (Billions) Average EPS Impact Reported by North American Companies *Industry Standard MBO of Less than $0.01 EPS Impact Currency Impact on North American Corporate Earnings North American companies reported a $34.25 billion impact in Q2 2022, 133% larger than the impact in Q1 2022.1 The average earnings per share (EPS) impact reported by North American companies in Q2 2022 was $0.10, ten times greater than the industry standard MBO of less than $0.01 EPS impact and the highest spike in average EPS recorded by this report. 1 Impacts are likely underestimates as most companies with currency headwinds generally do not report them. Top Currencies Referenced by North American Companies as Impactful The ruble was the most mentioned currency, a continuation from the prior quarter. The Canadian dollar was the second most-mentioned, followed by the euro, the Australian dollar, and the yen. The euro was the most volatile currency weighted by GDP (page 6). Number and Percentage of North American Companies Reporting Negative Currency Impacts Average Negative Impact to North American Companies (Millions) Percentage of North American Companies That Fielded Analyst Questions In Q2 2022 earnings calls, 8 percent of North American companies that reported impacts fielded analyst questions. Most Impacted North American Industries Currency Impact on European Corporate Earnings Negative Currency Impact to European Companies (Billions) Currency Impact on European Corporate Earnings Increasing from last quarter, European companies reported an 68% percent increase in negative currency impacts, with companies reporting $3.02 billion in FX-related losses.2 Of the 350 Europe-based multinationals analyzed, 2.3% reported headwinds in Q2 2022. Of those, 100% quantified their negative impacts (see page 15). 2 Impacts are likely underestimates as most companies with currency headwinds generally do not report them. Top Currencies Referenced by European Companies as Impactful The euro was the most mentioned currency in earnings calls for Europe, followed by the US dollar and ruble. The krona was the fourth most mentioned, followed by the pound. The ruble was the most volatile currency as well as most mentioned in North American earnings calls (page 6). Number and Percentage of European Companies Reporting Negative Currency Impact Average Negative Impact to European Companies (Millions) Percentage of European Companies That Fielded Analyst Questions In Q2 2022 earnings calls, 5 percent of European companies that reported impacts fielded analyst questions. Most Impacted European Industries Comparison of Currency Impact to North American and European Companies Average Quantified Negative Currency Impact (Millions) Size of Quantified Negative Currency Impact (Billions) Number of Companies Reporting Currency Impacts Percentage of Companies Reporting Impacts That Fielded Analyst Questions   FX Risk Management is one of the most difficult objectives handed to a CFO’s organization. Kyriba has a team of experts to offer extensive FX Advisory Services to our clients. Check out Kyriba's latest demo session and see how Kyriba helps its clients mitigate the effects of currency volatility and reduce hedging costs.

A Quarterly Report Assessing the Impact of Foreign Exchange to North American and European Corporate Earnings About the Report The July 2022 Kyriba Currency Impact Report analyzes the reported effects of currencies to North...

A Quarterly Report Assessing the Impact of Foreign Exchange to North American and European Corporate Earnings About the Report The July 2022 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ earnings during the first quarter of 2022. To obtain this information, Kyriba analyzed the earnings calls of 1,200 publicly traded North American and European companies as part of a continued effort to provide insight into how foreign exchange impacts organizations. The companies included in this data set are large multinational firms doing business in more than one currency with at least 15% of their revenue coming from overseas. [toc]   Currency Impact Report - Overview Kyriba Currency Impact Report: Key Findings The collective quantified negative impact reported by both North American and European companies totaled $16.46 billion in Q1 2022, a 144% increase from Q4 2021. 20% of corporates studied (236/1200) quantified +/- impacts totaling $24.03 billion ($16.46 billion headwinds), ($7.57 billion tailwinds). The Russian ruble was the currency most mentioned as impactful by North American companies as well as by European companies. 205 North American and European companies reported currency headwinds in Q1 2022. Of those companies, 194 companies quantified their FX impacts. Total Quantified Currency Impacts by North American and European Companies (Billions) North American Companies’ Quantified Currency Impact (Billions) European Companies’ Quantified Currency Impact (Billions) Top 5 Volatile G20 Currencies Top 5 Volatile Currencies as Weighted by GDP Percentage Currency Impact on North American Corporate Earnings Negative Currency Impact to North American Companies (Billions) Average EPS Impact Reported by North American Companies *Industry Standard MBO of Less than $0.01 EPS Impact Currency Impact on North American Corporate Earnings North American companies reported a $14.66 billion impact in Q1 2022, over 3 times larger than the impact in Q4 2021.1 The average earnings per share (EPS) impact reported by North American companies in Q1 2022 was $0.03, three times greater than the industry standard MBO of less than $0.01 EPS impact and a maintenance of the level set by the previous quarter. 1Impacts are likely underestimates as most companies with currency headwinds generally do not report them. Top Currencies Referenced by North American Companies as Impactful The ruble was the most mentioned currency, an increase from the prior quarter where the ruble was the fourth most mentioned currency in North America. The euro was the second most-mentioned, followed by the renminbi, the pound, and the Canadian dollar. The ruble was the most volatile currency as well as the most volatile weighted by GDP; the euro was the second most volatile weighted by GDP (page 6). Number of North American Companies Reporting Negative Currency Impacts Average Negative Impact to North American Companies (Millions) Percentage of North American Companies That Fielded Analyst Questions Most Impacted North American Industries Currency Impact on European Corporate Earnings Negative Currency Impact to European Companies (Billions) Currency Impact on European Corporate Earnings Decreasing from last quarter, European companies reported an 17% percent decrease in negative currency impacts, with companies reporting $1.80 billion in FX-related losses.2 Of the 350 Europe-based multinationals analyzed, 3% reported headwinds in Q1 2022. Of those, 100% quantified their negative impacts (see page 15). 2 Impacts are likely underestimates as most companies with currency headwinds generally do not report them. Top Currencies Referenced by European Companies as Impactful The ruble was the most mentioned currency in earnings calls for Europe, followed by the krona and US dollar. The renminbi was the fourth most mentioned, followed by the franc. The ruble was the top most volatile currency as well as most volatile weighted by GDP (page 6). Number of European Companies Reporting Negative Currency Impact Average Negative Impact to European Companies (Millions) Percentage of European Companies That Fielded Analyst Questions In Q4 2021 earnings calls, 10 percent of European companies that reported impacts fielded analyst questions. Most Impacted European Industries Comparison of Currency Impact to North American and European Companies Average Quantified Negative Currency Impact (Millions) Size of Quantified Negative Currency Impact (Billions) Number of Companies Reporting Currency Impacts Percentage of Companies Reporting Impacts That Fielded Analyst Questions Quantified Negative Currency Impact (Billions) Number of Companies Reporting Negative Currency Impact   FX Risk Management is one of the most difficult objectives handed to a CFO’s organization. Kyriba has a team of experts to offer extensive FX Advisory Services to our clients. Check out Kyriba's latest demo session and see how Kyriba helps its clients mitigate the effects of currency volatility and reduce hedging costs.

A Quarterly Report Assessing the Impact of Foreign Exchange to North American and European Corporate Earnings About the Report The May 2022 Kyriba Currency Impact Report analyzes the reported effects of currencies to North...

A Quarterly Report Assessing the Impact of Foreign Exchange to North American and European Corporate Earnings About the Report The May 2022 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ earnings during the fourth quarter of 2021. To obtain this information, Kyriba analyzed the earnings calls of 1,200 publicly traded North American and European companies as part of a continued effort to provide insight into how foreign exchange impacts organizations. The companies included in this data set are large multinational firms doing business in more than one currency with at least 15% of their revenue coming from overseas. [toc]   Currency Impact Report - Overview Kyriba Currency Impact Report — Key Findings The collective quantified negative impact reported by both North American and European companies totaled $6.74 billion in Q4 2021, a 215% increase from Q3 2021. 16% of corporates studied (187/1200) quantified +/- impacts totaling $11.21 billion ($6.74 billion headwinds), ($4.47 billion tailwinds). The Canadian dollar was the currency most mentioned as impactful by North American companies. The euro was the currency most mentioned as impactful by European companies. 132 North American and European companies reported currency headwinds in Q4 2021. Of those companies, 112 companies quantified their FX impacts. Total Quantified Currency Impacts by North American and European Companies (Billions) North American Companies’ Quantified Currency Impact (Billions) European Companies’ Quantified Currency Impact (Billions) Top 5 Volatile G20 Currencies Top 5 Volatile Currencies as Weighted by GDP Percentage Currency Impact on North American Corporate Earnings Negative Currency Impact to North American Companies (Billions) Average EPS Impact Reported by North American Companies *Industry Standard MBO of Less than $0.01 EPS Impact Currency Impact on North American Corporate Earnings North American companies reported a $4.56 billion collective loss in Q4 2021, ending a downward trend and a 390% increase in the magnitude of aggregate headwinds.1 The average earnings per share (EPS) impact reported by North American companies in Q4 2021 was $0.04, four times greater than the industry standard MBO of less than $0.01 EPS impact and a maintenance of the level set by the previous quarter. 1 Impacts are likely underestimates as most companies with currency headwinds generally do not report them. Top Currencies Referenced by North American Companies as Impactful The Canadian dollar (CAD) was the most mentioned currency, continuing a trend with the CAD being the most mentioned from Q3 2021 as well. The euro was the second most-mentioned, followed by the Chinese renminbi (CNY), and the Russian ruble (RUB). The euro was the most volatile weighted by GDP, while the CNY was the third most volatile and the GBP was the fourth most volatile (page 6). Number and Percentage of North American Companies Reporting and Quantifying Negative Currency Impacts Average Negative Impact to North American Companies (Millions) Percentage of North American Companies That Fielded Analyst Questions Most Impacted North American Industries Currency Impact on European Corporate Earnings Negative Currency Impact to European Companies (Billions)   Currency Impact on European Corporate Earnings Increasing from last quarter, European companies reported an 80% percent decrease in negative currency impacts, with companies reporting $2.18 billion in FX-related losses.2 Of the 350 Europe-based multinationals analyzed, 5% reported headwinds in Q4 2021. Of those, 61% quantified their negative impacts (see page 15). 2 Impacts are likely underestimates as most companies with currency headwinds generally do not report them. Top Currencies Referenced by European Companies as Impactful The euro was the most mentioned currency in earnings calls for Europe, followed by the Swedish krona (SEK) and US dollar (USD). The Great British pound (GBP) was the fourth most mentioned, followed by the Danish krone (DKK). The euro and the pound were all found to be in the top 5 most volatile currencies weighted by GDP as well (page 6). Number of European Companies Reporting Negative Currency Impact & Percentage of European Companies Quantifying Impacts   Average Negative Impact to European Companies (Millions)   Percentage of European Companies That Fielded Analyst Questions In Q4 2021 earnings calls, 10 percent of European companies that reported impacts fielded analyst questions. Most Impacted European Industries   Comparison of Currency Impact to North American and European Companies   Average Quantified Negative Currency Impact (Millions) Size of Quantified Negative Currency Impact (Billions) Number of Companies Reporting Currency Impacts Percentage of Companies Reporting Impacts That Fielded Analyst Questions   Quantified Negative Currency Impact (Billions)   Number of Companies Reporting Negative Currency Impact   FX Risk Management is one of the most difficult objectives handed to a CFO’s organization. Kyriba has a team of experts to offer extensive FX Advisory Services to our clients. Check out Kyriba's latest demo session and see how Kyriba helps its clients mitigate the effects of currency volatility and reduce hedging costs.

Kyriba’s Currency Impact Report (CIR), a comprehensive report detailing the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe, revealed $12 billion in total impacts to earnings...

Kyriba’s Currency Impact Report (CIR), a comprehensive report detailing the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe, revealed $12 billion in total impacts to earnings from currency volatility.

A Quarterly Report Assessing the Impact of Foreign Exchange to North American and European Corporate Earnings About the Report The October 2021 Kyriba Currency Impact Report analyzes the reported effects of currencies to North...

A Quarterly Report Assessing the Impact of Foreign Exchange to North American and European Corporate Earnings About the Report The October 2021 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ earnings during the second quarter of 2021. To obtain this information, Kyriba analyzed the earnings calls of 1,200 publicly traded North American and European companies as part of a continued effort to provide insight into how foreign exchange impacts organizations. The companies included in this data set are large multinational firms doing business in more than one currency with at least 15 percent of their revenue coming from overseas. The Kyriba Currency Impact Report can be used as a benchmarking tool for corporate boards and CFOs to gauge their company’s currency impacts in comparison to other multinationals. [toc]   Currency Impact Report - Overview Quantified Negative Currency Impact (Billions) Number of Companies Reporting Negative Currency Impact North America and European Multinationals See Headwinds Wane North American and European companies reported a combined $4.25 billion in quantified negative currency impacts in Q2 2021, down 55 percent from the previous quarter. European companies accounted for 45 percent of the impact, reporting $1.93 billion in quantified impacts. North American companies quantifying headwinds reported a total of $2.32 billion in negative currency impacts, a low trend for the fiscal 2021 year. For the first time in the history of this report, the combined pool of corporations reported $23.62 billion in tailwinds . All FX impacts represent a significant percentage of earnings this quarter, a vulnerability CFOs should continue to prioritize for risk managers. Top 5 Volatile G20 Currencies Top 5 Volatile Currencies as Weighted by GDP Percentage Currency Impact on North American Corporate Earnings Negative Currency Impact to North American Companies (Billions) Average EPS Impact Reported by North American Companies *Industry Standard MBO of Less than $0.01 EPS Impact Currency Impact on North American Corporate Earnings North American companies reported a $2.32 billion collective loss in Q1 2021, ending a trend upward and a 60% decrease in the magnitude of aggregate headwinds.1 The average earnings per share (EPS) impact reported by North American companies in Q2 2021 was $0.03, three times greater than the industry standard MBO of less than $0.01 EPS impact and a maintenance of the level set by the previous quarter. 1 Impacts are likely underestimates as most companies with currency headwinds generally do not report them. Top Currencies Referenced by North American Companies as Impactful The euro (EUR) was the most mentioned currency, similar to Q3 and Q4 of fiscal year 2020. The Canadian dollar was the second most-mentioned, a unique appearance. The Chinese renminbi (CNY) was the third mostmentioned, followed by the Great British pound (GBP) and the Japanese yen (JPY). The euro was the most volatile weighted by GDP, while the JPY was the third most volatile and the GBP was the fifth most volatile. The CNY was the fourth most volatile unweighted (page 5). Number and Percentage of North American Companies Reporting Negative Currency Impacts Average Negative Impact to North American Companies (Millions) Percentage of North American Companies That Fielded Analyst Questions Most Impacted North American Industries Currency Impact on European Corporate Earnings Negative Currency Impact to European Companies (Billions) Currency Impact on European Corporate Earnings Declining from last quarter, European companies reported a 47 percent decrease in negative currency impacts, with companies reporting $1.93 billion in FX-related losses.2 Of the 350 Europe-based multinationals analyzed, 5% reported headwinds in Q1 2020. Of those, 82.4% quantified their negative impacts (see page 14). 2 Impacts are likely underestimates as most companies with currency headwinds generally do not report them. Top Currencies Referenced by European Companies as Impactful The US dollar (USD) was the most mentioned currency in earnings calls for Europe, followed by the euro (EUR) and Brazilian real (BRL). The Chinese renminbi (CNY) was the fourth most mentioned, followed by the Japanese yen (JPY). The real is an atypical appearance as the most mentioned currency, which continues the trend from Q3 2020. The euro, renminbi, and yen were all found to be in the top 5 most volatile currencies as well (page 5). Number and Percentage of European Companies Reporting Negative Currency Impact Average Negative Impact to European Companies (Millions) Percentage of European Companies That Fielded Analyst Questions In Q2 2021 earnings calls, 5 percent of European companies that reported impacts fielded analyst questions. Most Impacted European Industries Comparison of Currency Impact to North American and European Companies Average Quantified Negative Currency Impact (Millions) Size of Quantified Negative Currency Impact (Billions) Number of Companies Reporting Currency Impacts Percentage of Companies Reporting Impacts That Fielded Analyst Questions   FX Risk Management is one of the most difficult objectives handed to a CFO’s organization. Kyriba has a team of experts to offer extensive FX Advisory Services to our clients. Check out Kyriba's latest demo session and see how Kyriba helps its clients mitigate the effects of currency volatility and reduce hedging costs.

Kyriba’s Currency Impact Report (CIR), a comprehensive quarterly report which details the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe with at least 15 percent of their revenue coming from overseas, sustained $49.09 billion in total impacts to earnings from currency volatility.

A Quarterly Report Assessing the Impact of Foreign Exchange to North American and European Corporate Earnings. The Kyriba Currency Impact Report can be used as a benchmarking tool for corporate boards and CFOs to gauge their company’s currency impacts in comparison to other multinationals. About the Report The July 2021 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ earnings during the first quarter of 2021. To obtain this information, Kyriba analyzed the earnings calls of 1,200 publicly traded North American and European companies as part of a continued effort to provide insight into how foreign exchange impacts organizations. The companies included in this data set are large multinational firms doing business in more than one currency with at least 15 percent of their revenue coming from overseas. [toc]   Currency Impact Report - Overview Quantified Negative Currency Impact (Billions) Number of Companies Reporting Negative Currency Impact North American Companies Experience Surge in Impact and European Companies See Continued Headwinds North American and European companies reported a combined $9.54 billion in quantified negative currency impacts in Q1 2021, up 55 percent from the previous quarter. European companies accounted for 38 percent of the impact, reporting $3.67 billion in quantified impacts. North American companies quantifying headwinds reported a total of $5.87 billion in negative currency impacts, a break in the low trend we have seen in the last two quarters. This is potentially due to the continued volatility of the USD. Top 5 Volatile G20 Currencies Top 5 Volatile Currencies as Weighted by GDP Percentage Currency Impact on North American Corporate Earnings Negative Currency Impact to North American Companies (Billions) Average EPS Impact Reported by North American Companies *Industry Standard MBO of Less than $0.01 EPS Impact Currency Impact on North American Corporate Earnings North American companies reported a $5.87 billion collective loss in Q1 2021, ending a trend upward and a 322% increase in the magnitude of aggregate headwinds.1 The average earnings per share (EPS) impact reported by North American companies in Q1 2021 was $0.03, three times greater than the industry standard MBO of less than $0.01 EPS impact and a maintenance of the level set by the previous quarter. 1 Impacts are likely underestimates as most companies with currency headwinds generally do not report them. Top Currencies Referenced by North American Companies as Impactful The Chinese renminbi (CNY) broke a two-quarter trend of the euro being the most mentioned currency. The Great British pound (GBP) was the third most-mentioned, followed closely by the Brazilian real (BRL) and the Swiss franc (CHF). The franc is an atypical appearance in North American earnings calls, but was also present in the top 5 mentioned last quarter. The renminbi was in the top 5 most volatile currencies, as well as top 5 most volatile weighted by GDP (page 5). Number and Percentage of North American Companies Reporting and Quantifying Negative Currency Impacts Average Negative Impact to North American Companies (Millions) Percentage of North American Companies Reporting Impacts That Fielded Analyst Questions Most Impacted North American Industries Currency Impact on European Corporate Earnings Negative Currency Impact to European Companies (Billions) Currency Impact on European Corporate Earnings Continuing an upward trend, European companies reported a 23 percent decrease in negative currency impacts, with companies reporting $3.67 billion in FX-related losses.2 Of the 350 Europe-based multinationals analyzed, 5% reported headwinds in Q1 2020. Of those, 88.9% quantified their negative impacts (see page 14). 2 Impacts are likely underestimates as most companies with currency headwinds generally do not report them. Top Currencies Referenced by European Companies as Impactful The US dollar (USD) was the most mentioned currency in earnings calls for Europe, followed by the euro (EUR) and Chinese renminbi (CNY). The Great British pound (GBP) was the fourth most mentioned, followed by the Swedish krona (SEK). The Swedish krona (SEK) is an atypical appearance as the most mentioned currency, which continues the trend from the previous two quarters. The euro, renminbi, and pound were all found to be in the top 5 most volatile currencies as well (page 5). Number and Percentage of European Companies Reporting and Quantifying Negative Currency Impacts Average Negative Impact to European Companies (Millions) Percentage of European Companies Reporting Impacts That Fielded Analyst Questions In Q1 2021 earnings calls, 7 percent of European companies that reported impacts fielded analyst questions. Most Impacted European Industries Comparison of Currency Impact to North American and European Companies Average Quantified Negative Currency Impact (Millions) Size of Quantified Negative Currency Impact (Billions) Number of Companies Reporting Currency Impacts Percentage of Companies Reporting Impacts That Fielded Analyst Questions Currency Impact Report - Summary Summary: Kyriba July 2021 Currency Impact Report The collective quantified negative impact reported by both North American and European companies totaled $9.54 billion in Q1 2021, a 55 percent increase from Q4 2020. The renminbi was the currency most mentioned as impactful by North American companies, and the third most mentioned by European companies. The US dollar was the currency most mentioned as impactful by European companies. 95 North American and European companies reported currency headwinds in Q1 2021. Of those companies, 81 companies quantified their FX impacts.

Kyriba’s Currency Impact Report (CIR), a comprehensive report detailing the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe, revealed negative impact from currency volatility of $6.16...

Kyriba’s Currency Impact Report (CIR), a comprehensive report detailing the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe, revealed negative impact from currency volatility of $6.16 billion.

The October 2020 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ Q2 2020 earnings. The report serves as a key benchmarking tool for global corporations.

The October 2020 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ Q2 2020 earnings. The report serves as a key benchmarking tool for global corporations.

The July 2020 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ Q1 2020 earnings. The report serves as a key benchmarking tool for global corporations.

The July 2020 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ Q1 2020 earnings. The report serves as a key benchmarking tool for global corporations.

The April 2020 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ Q4 2019 earnings. The report serves as a key benchmarking tool for global corporations.

The April 2020 Kyriba Currency Impact Report analyzes the reported effects of currencies to North American and European companies’ Q4 2019 earnings. The report serves as a key benchmarking tool for global corporations.

The July 2019 Kyriba Currency Impact Report, compiled by FiREapps, a Kyriba Company, analyzes the reported effects of currencies to North American and European companies’ Q1 2019 earnings. The report serves as a key...

The July 2019 Kyriba Currency Impact Report, compiled by FiREapps, a Kyriba Company, analyzes the reported effects of currencies to North American and European companies’ Q1 2019 earnings. The report serves as a key benchmarking tool for global corporations.

The May 2019 Kyriba Currency Impact Report, compiled by FiREapps, a Kyriba Company, analyzes the reported effects of currencies to North American and European companies’ Q4 2018 earnings. The report serves as a key...

The May 2019 Kyriba Currency Impact Report, compiled by FiREapps, a Kyriba Company, analyzes the reported effects of currencies to North American and European companies’ Q4 2018 earnings. The report serves as a key benchmarking tool for global corporations.