A photo illustration shows US $ 100 banknotes taken in Tokyo on August 2, 2011. REUTERS / Yuriko Nakao / File Photo

NEW YORK, Oct.26 (Reuters) – The negative impact of currency fluctuations on the results of North American companies declined in the second quarter of this year compared to the previous quarter, data from the treasury and finance company showed on Tuesday. Kyriba financial management.

The overall exchange rate affected, including on businesses in the United States, Canada and Mexico, amounted to $ 2.32 billion in the second quarter, compared with a negative effect of $ 5.87 billion in the second quarter. first trimester, Kyriba said in a report.

S&P 500 (.SPX) companies begin reporting third quarter 2021 results.

“Supply chain disruption and inflation will test the corporate liquidity strategies of CFOs and treasurers and the application of best practices to protect EPS, drive growth and reduce risk related to the supply chain over the next few months, “Kyriba’s Wolfgang Koester said in a statement.

Kyriba said 35 North American companies reported currency impacts in the second quarter, up from 77 in the first quarter and 28 in the fourth quarter of 2020.

The US dollar index fell 0.9% in the second quarter of this year. It gained 2% in the third quarter.

A stronger dollar makes overseas sales less valuable when converted back to US currency.

Report by Caroline Valetkevitch Editing by Bill Berkrot

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