Currency Losses Decline

In a recent survey of 296 North American and European multinational companies for the fourth quarter of 2016, they lost a combined $10.47 billion due to currency swings, down considerably from $36.85 billion a year earlier. The average effect of these swings on EPS was $.04. The currencies that were mentioned the most as causing losses were the British pound, the euro, The Japanese yen, the Brazilian real and Canadian dollar.