Posted by MillTech Team | 23 February 2026

The MillTech Global FX Report 2026

Globe Without Background

Get the insights shaping the global FX landscape in 2026. The Global FX Report draws on responses from 1,500 senior finance decision-makers at corporates and fund managers across the UK, North America, and Europe, to reveal how FX risk management strategies are adapting to heightened volatility, geopolitical risk, and rising costs in 2026.

Please refer to our Research Disclosure Page for more information on the data referred to in the below.

FX hedging is a global priority

Hedging continues to be a core priority worldwide to minimise the impact of adverse currency fluctuations.

Graphic showing 88% of firms globally are hedging currency exposureGraphic showing 87% of fund managers globally are hedging currency exposure

Hedging costs soar amid global credit crunch

With global credit conditions tightening, best execution is increasingly critical to ensuring FX risk management remains cost-effective.

Graphic showing FX costs have increased by a mean of 67% for corporates globallyGraphic showing that 72% of corporates saw increased in FX rates or feesGraphic showing 55% of fund managers faced tighter lending criteria

FX operational challenges persist

Operational complexity, fragmented service provision and manual processes remain significant challenges globally.

Grouped bar chart showing that 25% of corporates struggle getting comparative FX quotesGrouped bar chart showing that 27% of fund managers struggle with fragmented service provision

Rise of automation in FX risk strategies

An increase in automation of key FX processes to improve efficiency, transparency and control is a key trend of 2026.

Stat showing 3 in 10 fund managers and corporates are prioritising automation in FXStat showing that 33% of corporates are targeting automated executionStat showing that 39% of fund managers are focusing on price discovery
Opening quote

In a market shaped by ongoing trade tensions and tariff uncertainty, the ability to identify, monitor and respond to FX risk in a timely and informed way is increasingly critical to protecting returns and maintaining financial resilience.

Eric Huttman
CEO

Eric
Closing quote
Small Book Global Report

The MillTech Global FX Report 2026

How are firms managing FX risk in 2026? MillTech surveys 1,500 finance leaders on hedging, costs and AI.