Fulham has managed to book their place in the Europa League final with Hodgson in charge.
Fergie said: “Roy should be Manager of the Year, there is absolutely no doubt about it.
“It is a miracle. Hopefully he does win it now but it is one of the best British performances of all time.”
Fulham came form behind to beat Hamburg 2-1 at Craven Cottage on Thursday.
Fergie added: “When you go 1-0 down to a German team you say to yourself it is going to be hard but the comeback was fantastic.
“I heard people on the radio this morning saying they didn’t play well. It was their 59th game of the season and people were talking about their performance!
“Roy can only have about 16 players in his squad and they still have another four games to play yet. That will be 63.
“They started in that tournament in July. July! Crikey, I was on the beach.”
