Hodgson was named as the new England boss on Tuesday, though the appointment has been met with mixed feedback with Tottenham boss Harry Redknapp previously being seen as the fans' preferred choice.
The West Brom boss has managed in eight different countries and has previous international management experience having previously led Switzerland, Finland and the United Arab Emirates and Sir Alex has offered his backing to the 64-year-old.
"Roy has fantastic experience. He is a good man and has the right profile for the job in every respect,” Ferguson told Sky Sports.
|10/11||England are 10/11 to win their opening match of Euro 2012 with bet365.|
"You can't beat experience. I have always said that for that England job you need to be in your 60s.
"You need to go into it with all the experience behind you in the sense of do you really need club football when, at that age, you could be managing your national team.
"I always said Jock Stein was the perfect age for managing Scotland. He had all that experience of managing Celtic and Roy has that experience behind him. I hope he does well.
"The surprise for me was that for the first time I can remember, the FA didn't bend to the press."