Currency Hedging Strategies for ABC Corporation

ABC Corporation, a U.S.-based multinational firm, derives 40% of its revenue from its operations in Europe. Recently, the Euro has been experiencing significant volatility against the U.S. dollar. To mitigate the potential negative impact on its earnings from currency fluctuations, the CFO has proposed several strategies for currency hedging. Your task is to discuss the various currency hedging techniques that ABC Corporation could consider

In your response, include at least three different hedging methods and explain how each method works. Additionally, discuss the advantages and disadvantages of these methods, particularly in the context of the current Euro volatility.