The latest Kyriba report shows how the rising US dollar and war in Ukraine impacted corporate earnings in the first three months of the year through foreign exchange (FX) volatility.
Automation can enable corporate treasurers to increase the efficiency and productivity of their foreign exchange (FX) trading without having to invest in additional staff or multiple different technology solutions.
The banking-as-a-service (BaaS) solution will allow HSBC to distribute its foreign exchange (FX) services to clients, as global trends increase the need for around-the-clock access to liquidity.
A three-quarter trend of falling FX impacts came to an end in the final quarter of last year, as corporates surveyed by Kyriba reported a 390% increase in headwinds from currency volatility.
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.