Currency losses at North American corporates rise to nearly $21 billion
Currency gyrations from geopolitical events continue to create headwinds for some businesses
Currency losses at North American companies rose to $20.8 billion in the final quarter of 2018, because of volatility from global geopolitical events, according to recent analysis from Kyriba, a provider of cash and risk management solutions.
The losses represent a 76% increase over the previous quarter and the largest headwind recorded since Q4 2015, when businesses in the region reported $33.9 billion in negative FX impacts.
Companies disclose the impacts when gyrations in exchange rates
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