The MillTechFX Corporate Hedging Monitor Q2 2024

In our Q2 Hedging Monitor, we’ve asked UK & US corporates what their key priorities are for the coming quarter, and how they FX and hedging activities have differed to Q1.

Key findings:

• UK corporates decreased their hedge ratios from Q1 while US corporates increased theirs
• Both UK and US corporates decreased their hedge lengths from Q1
• Credit availability was the top external factor influencing FX hedging decisions in Q2
• Counterparty diversity is the biggest priority for Q3

• There is high confidence in the new UK government from both UK and US corporates

The MillTechFX Quarterly Hedging Monitor research shares the findings from a quarterly survey of 250 senior finance decision-makers* at UK and US corporates (described as those who have a market cap of $50mil up to $1 billion) to provide a snapshot of corporate hedging activity and insight into influential factors and other key trends. The data in this report is from a survey conducted between 18-30 July 2024.