1. Home
  2. FX Management & Crypto
  3. Buying & Selling FX

Q4 2018 FX negative impacts continue to rise, particularly for Europeans

The FiREapps currency report shows that negative currency impact continues to increase, and now stands at $38.85 billion

Source & Copyright©2019 - FiREapps 

FiREapps report that:

  • As we saw last quarter, negative currency impacts to European companies have been on the rise. Q4 2017 continues that trend, as the quantified negative currency impact reached $6.79 billion for European multinationals - an increase of $2.52 billion over last quarter and the largest negative impact reported since Q3 2015
  • For North American corporations, the amount of quantified negative currency impact continues to stay under the $1.5 billion mark, after reported negative impacts dropped from $6.71 billion in Q2 2017 to $1.01 billion in Q3 2017. However, North American multinationals did see a slight increase in impacts during Q4 2017, with reported negative FX impacts being roughly $30 million higher than what was reported last quarter.
  • The most volatile G20 currencies as weighted by GDP percentage were:
  • EUR was the most impactful currency for American companies, and for European companies, it was the USD
  • Still, 53% of European companies and 62.5% of North American companies do not quantify the impact of FX on their business.

CTMfile take: What will be the impact of Brexit on this picture as we approach March 29th? Any optimistic views in CTMfile readers?

Like this item? Get our Weekly Update newsletter. Subscribe today

Also see

Add a comment

New comment submissions are moderated.