FX volatility had a profound impact on corporate performance last year. Indeed, Kyriba’s currency impact report for the second quarter of 2022 noted that the 1,200 North American and European multinational companies it surveys sustained more than $49 billion in total impacts to earnings from currency volatility, with negative impacts rising sharply on both sides of the Atlantic.
Government debt is dangerously high almost everywhere, and this hasn’t been a more pressing issue for years only due to declining/low interest rates
Scott Bilter, Atlas FX

Corporates hoping for a return to more tranquil market conditions this year are likely to be disappointed.
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