European corporates hit by FX in final quarter of 2017

Currency losses at their highest for corporates in Europe since Q3 2015

euro beats dollar_Getty - web.jpg
Dollar down: last year, the euro strengthened by about 13% against the greenback, which hit European corporates

European companies experienced $6.79 billion in negative currency impacts in the fourth quarter of 2017 – the highest level recorded since 2015, indicating the foreign exchange market is still creating headwinds for corporations that are under-hedged.

The Fourth Quarter 2017 Currency Impact Report from FiREapps, a provider of corporate currency analytics and currency management solutions, shows negative FX impacts on companies based in Europe rose $2.52 billion over the previous quarter

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