The Brazilian was awarded the armband in the summer following the departure of David Silva and the Manchester City boss admitted his defensive midfielder has proven to be a brilliant leader.
“He is leading us in an exceptional way,” said Guardiola at his pre-match press conference ahead of City’s FA Cup tie with Birmingham City.
“In good moments, but especially bad moments. Everyone can take his example and if they do the team will be stronger.
“I am delighted with what Fernandinho has done, every season but especially this season as captain.”
Guardiola was speaking in response to a question over the midfielder’s future.
His contract is due to expire this summer, but the manager says the Club and the player are yet to decide on what will happen after that.
“With the players at this stage of a season, everything is open,” he added.
Watch the full press conference in the video above.