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Strategies & Capabilities

Currency Management The Exposure You Can’t Afford to Overlook

We understand the power of effective currency management to reduce risk and drive returns. Our rigorous, research-driven approach takes no shortcuts in unlocking the value of currency management.

Deeply Committed to Currency Management

At a time when many asset managers are pulling back from the asset class, we continue to expand our industry-leading capabilities in currency management.

Why Investors Choose Us

With one of the industry’s deepest and most experienced currency management teams, we are committed to providing leadership at the crossroads of global asset flows.

Broad Capabilities

  • Investment solutions across objectives (risk mitigation vs. return-seeking) and styles (passive vs. active)
  • Deep expertise across regions, including emerging markets

Objective Thinking

  • Breadth provides objectivity that specialists cannot offer
  • Focus on determining the optimal approach for each currency and phase of the economic cycle

Innovative Solutions

  • Access to real-time market data fuels research into new solutions
  • Work closely with clients to develop strategies, approaches and tools that are tailored to their objectives and regulatory requirements
  • Strategies that provide efficient exposure to emerging markets

Scale and Stability

  • Global Systematically Important Financial Institution (G-SIFI)
  • Robust infrastructure and risk controls
  • Early signatory of the FX Global Code

Efficient, Reliable Execution

  • 253,000+ FX trades totaling US $1.6T in market value in 2022
  • 15 banks in our panel of counterparties
  • 24-hour trading capabilities

Source: State Street Global Advisors, as of March 31, 2023.

Our Currency Strategies

Across developed and emerging markets, we have the solutions clients need to manage currency risk and harness it as a tool for shaping portfolios to support their strategic objectives.

  Primary Investment Goal
 Reduced Risk Increase Returns
Investment Style Passive

 Static Passive Hedging

  • Treats all currencies identically
  • Reduce exposure

 Currency Factor

  • Systematic currency style indices  
  • Long-run return

 Dynamic Strategic Hedging

  • Variable hedge ratio
  • Considers risk of each currency individually
  • Risk-management focus


  • Multi-strategy, multi-horizon approach                         
  • Seeks to maximize return

Return increase and risk reduction are targets of our offerings and are based on the estimates and assumptions made by State Street Global Advisors. There is no guaranteee that those estimates will be achieved. 

Latest Insights

Global Currency Management Team

We have been providing currency management solutions since 1989, and today we have 25 currency professionals across four continents.

Bio Image of James Binny

James Binny

Global Head Currency & Head of Investments SSGA Europe Limited

Bio Image of Aaron R Hurd

Aaron R Hurd, FRM

Senior Portfolio Manager

Bio Image of Matthew Nest

Matthew Nest, CFA

Global Head of Active Fixed Income

Bio Image of Matthew J Steinaway

Matthew J Steinaway, CFA

CIO, Global Fixed Income, Currency & Cash