Benchmark
These U.S. Companies Are Hurting From Venezuela's Hyperinflation
This is why the crisis in Venezuela matters for U.S. businesses too
This article is for subscribers only.
Every time Venezuela introduces a new, weaker currency exchange rate, some of the world's largest companies face the decision of whether or not to adopt it. If they eventually do switch to the less favorable rate, it can result in multimillion-dollar charges that drag down balance sheets and earnings statements.
At least 46 S&P 500 companies, about 10 percent of the total index, have told investors about potential exposure to Venezuela's currency in the past year, according to a search of company filings compiled by Bloomberg.