Hedging Currency Risk for Multinational Firms

XYZ Corporation, a U.S.-based multinational firm, has significant operations in Europe and regularly invoices its European customers in euros (EUR). Given the volatility in the EUR/USD exchange rate, the CFO is considering different hedging strategies to mitigate currency risk associated with these transactions.

Which of the following strategies would best help XYZ Corporation hedge its currency risk related to anticipated cash flows from its European operations?