FiREapps Q2 Currency Impact Report Shows Increased Interest in FX from Analysts
$7.44 Billion in Negative Currency Impacts Reported
(SCOTTSDALE, Ariz.) –The release of the Q2 2017 FiREapps Currency Impact Report™ (CIR) depicts a loss of $7.44 billion due to currency impact by North American and European companies – a $740 million increase from Q1 2017.
Of corporations quantifying impact, 128 North American multinationals reported $6.71 billion in collective negative currency impacts and four European multinationals reported a collective loss of $730 million.
Q2 2017 also saw a rise in the percentage of corporates reporting impact (positive or negative) that fielded analyst questions during their earnings calls. This quarter, 40 percent of European corporates fielded analyst questions, as compared to only 14 percent in the previous quarter. Analyst questions also increased for North American corporations by 9 percent, up to 25 percent total this quarter. This uptick further demonstrates the continued importance for corporates to understand their FX risk and to manage their exposures as fully as possible.
Each quarter, FiREapps analyzes the earnings calls of more than 1,200 publicly traded North American and European companies to collect data on the negative impact and volatility of various currencies. The FiREapps Q2 2017 Currency Impact Report can be used as a benchmarking tool for corporate boards and CFOs to gauge their company’s currency impacts in comparison to other multinational corporates.
For media inquiries please contact Angie Schuster at +1 (480) 443-7333 Ext. 167 or by email at ASchuster@FiREapps.com.
FiREapps is the leading provider of Corporate Currency Analytics and FX exposure management technologies. Established in 2006, FiREapps developed the first solution to automate foreign exchange exposure management for multinational companies. Through a combination of software solutions and expert analysis, FiREapps helps companies ensure they’re accurately measuring and managing their FX exposures. Numerous Fortune 500 companies rely on FiREapps technology to help them reduce FX risk and increase efficiency every day.
FiREapps is headquartered in Scottsdale, Arizona, with offices in Portland, London and Frankfurt.
For more information, visit www.fireapps.com or call +1 866-928-FIRE (3473).
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