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The MillTechFX European Corporate CFO FX Report 2024
The past 12 months have been a mixed picture for major currencies due to the combination of rising interest rates, high inflation, geopolitical uncertainty and the threat of recession. In our latest research we’ve been honing in on the FX behaviour of European Corporates, and identified the following key themes & challenges:
- FX is impacting corporates’ financial results
- Reliance on manual processing is proving costly
- Corporates have an FX transparency problem
- How are they adapting FX hedging to volatility
- There is a lack of counterparty diversification
- Automation is becoming key in 2024
This white paper examines the data and results of a survey by Censuswide on MillTechFX’s behalf conducted between 10 November and 27 November 2023 based on a survey of 250 senior finance decision-makers at mid-sized corporates in Europe (described as those who have a market cap of €50mil up to €1 billion)