The results of the 2026 FX Risk Management Framework & Allocation Strategy survey captures insights from 45 NeuGroup member companies, providing a detailed view of how corporate treasury teams design, govern and execute their FX hedging programs. The report examines permitted instruments, exposure coverage, hedge ratios and tenors, forecast accuracy, policy flexibility, trading controls and the allocation of FX business across banking partners.
The findings reveal programs anchored by forwards and policy-driven execution, while highlighting growing demand for measured discretion, reliable exposure data and competitive bank pricing. The results also expose a significant gap between the instruments and flexibility policies permit and how treasury teams operate in practice.
Key Highlights:
• Forwards are permitted by 100% of respondents and remain the dominant instrument across every exposure type.
• Nearly three-quarters of members build some discretion into their policies during periods of high volatility, but only 13% allow fully opportunistic strategies.
• Forecast reliability is the leading driver of changes to hedging programs, cited by 58% of respondents.
• Eighty percent of members trade across seven or more banks, while 93% cite pricing competitiveness as a leading factor in FX execution.
Read the report to benchmark your organization’s FX framework and explore how treasury leaders are balancing policy guardrails with flexibility, strengthening forecast and data capabilities, and managing the interplay between bank relationships and competitive execution.
