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?
FiREapps research shows total negative FX impact growing again
Q2 2017 report shows CNY most volatile by GDP and GBP/EUR problems most mentioned in earnings calls
FX risk is priority for 70% of CFOs and treasurers
FX risk is the most significant area of concern for CFOs and treasurers according to surveys conducted by HSBC and FT Remark
FiREapps Corporate Earnings Currency Impact Report - Europe greater than North America
Latest reports gives an overview of aggregate impacts plus recommendations for everyone: from CEOs to corporate treasurers