FiREapps quarterly report on negative currency on MNCs* in Europe and North America that reported FX impacts in earnings calls for 2Q 2018 showed that:  

• North American companies negative FX loses increased to $1.02 billion, a 2,657% increase from the previous quarter 
• European companies negative FX loses declined by 58% to 22.89 bn, but this was still the 2nd highest reported quarterly loss.

Other findings included:

• Top 5 volatile G20 currencies:

• Top 5 Volatile Currencies as Weighted by GDP Percentage:

• EUR was most impactful currency for North American AND European companies
• Overall:
  • 123 North American and European companies reported currency headwinds in Q2 2018. Of those companies, 70 quantified FX impacts.
  • There was a 150 percent increase in the number of North American companies reporting negative currency impacts in Q2 2018.
  • As negative impacts to European companies remain higher than previous years, the number of companies reporting impacts increased, but the number of companies quantifying negative impacts has decreased.

* The companies included in the research are large multinational firms doing business in more than one currency with at least 15 percent of their revenue coming from overseas.

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CTMfile take: negative FX currency impact continues to be a major problem for many companies.