.jpg&c=1&h=180&q=80&v=20260130&w=320 "\"Currency risk set to double or triple” – Kyriba report")
Low currency impact for corporates in recent quarters, but inflation looms
A recent Kyriba report found currency fluctuations to have a milder impact in 3Q21 compared to earlier quarters, but Asian ex-rates – especially the yuan – should be closely monitored, warns strategist.
Despite a strong US dollar, North American corporates continued to see significant impact to earnings resulting from currency fluctuations in the third quarter of 2021. US and Canada-based firms reported losses of $929 million due to currency volatility, while European corporations reported losses of $1.21 billion. However, this collective negative impact represented a 50% decrease from Q2 2021.
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.jpg&c=1&h=180&q=80&v=20260130&w=320 "Corporates faced record FX headwinds last year – report")
