Every quarter, Kyriba analyzes the effects that currency movements have had on the financials of large multinationals based in North America and Europe. It determines those effects by reviewing transcripts of the companies' earnings calls. Kyriba's latest study, "February 2024 Currency Impact Report," covers 1,700 publicly traded organizations' earnings calls from the third quarter of 2023.
According to this research, 22.8 percent of the multinationals quantified currency impacts to their Q3 financials, including US$13.92 billion of tailwinds (positive impacts) and $16.01 billion in headwinds (negative impact). It's worth noting that this represents a 20.5 percent decrease in the total negative currency impact reported, compared with Q2/2023. The euro was the currency most frequently mentioned as impactful in the third quarter.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
