In the reporting year, the KION Group billed 50.2 percent of its revenue in foreign currencies, the most important of which in addition to the US dollar were the Chinese renminbi and pound sterling. On average, the euro appreciated sharply against the US dollar in 2020 (up by 2.0 percent). The euro was also up against the Chinese renminbi, by 1.8 percent. Nonetheless, currency effects had only a negligible impact on the KION Group’s operating performance in the year under review. In general, the stronger euro created more difficult conditions for the export business, but made commodities cheaper as they are mainly traded in US dollars.