Kyriba Launches FX Analysis Tool
Posted by Colin Lambert. Last updated: June 24, 2022
Fintech Kyriba has launched Kyriba FX, a tool offering correlated value at risk (VaR) analysis to provide corporate treasurers and FX risk managers with more precise, deeper level analytics to optimise hedging programs and continuously hit portfolio VaR targets in the most cost-effective way.
A recent report from Kyriba highlighted the negative impact the rising dollar was having on US corporations in particular, and the company says the new solution delivers more cost effective, in-house hedging management and reporting control with dynamic FX dashboards.
The company adds that features of the solution include access to 1,000 simulations that generate optimal hedging scenarios. This helps risk managers with actionable decision-making intelligence on the specific currency pairs to hedge, based on their net exposure and portfolio VaR policy. User-defined parameters for a variety of reports and dashboards increases visibility, control and support across multiple exposure management and hedging strategies, Kyriba says, adding that users are able to enter and automatically execute FX trades across major trading platforms.
The analytics deliver insight on-demand into the amount of correlated value at risk that exists across all currency pairs within a company’s portfolio of exposures. The new solution builds upon Kyriba’s ability to aggregate and calculate FX exposure with automation, giving risk managers more time to leverage data insights and design programs to more cost-effectively mitigate volatility, the firm says.
“Corporate risk managers are scrambling to shore up losses resulting from the recent dollar run,” says Andy Gage, SVP FX advisory services at Kyriba. “Kyriba’s VaR is important during any market environment to reduce costs and better determine net exposures across a portfolio of currency pairs. Especially during this time of uncertain market dynamics, risk managers need data to drive their decisions and protect earnings erosion.”