Currency losses at North American corporates rise to nearly $21 billion

Currency gyrations from geopolitical events continue to create headwinds for some businesses

wolfgang Koester - fireapps website - web
Kyriba’s Wolfgang Koester: companies should analyse FX holding and make necessary adjustments

Currency losses at North American companies rose to $20.8 billion in the final quarter of 2018, because of volatility from global geopolitical events, according to recent analysis from Kyriba, a provider of cash and risk management solutions.

The losses represent a 76% increase over the previous quarter and the largest headwind recorded since Q4 2015, when businesses in the region reported $33.9 billion in negative FX impacts.

Companies disclose the impacts when gyrations in exchange rates

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