Killer currencies: How forex volatility shaved $12bn off corporates in Q3

Forex miscalculations are weighing on the average earnings per share of North American companies, with the impact in the third quarter recorded at $0.03, three times the industry target of less than $0.01

By Shruti Chaturvedi

Jan 23, 2020

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Currency volatility is costing US and Europe corporates dearly, with the setback during the third quarter of 2019 estimated to be $12.29 billion. Taking a passive stance when dealing with forex fluctuations will be a costly mistake for CFOs and treasurers, according to research by treasury software provier Kyriba.

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