Consider a multinational corporation that operates in various markets across the globe, exposing it to multiple currencies. The CFO is evaluating the overall foreign exchange exposure of the company and is contemplating different strategies for managing this exposure.

The company has primarily revenue streams in euros (EUR) and Japanese yen (JPY), while most of its expenses are in US dollars (USD). Due to the fluctuations in these currencies relative to the USD, proceeds from EUR and JPY may vary significantly from their dollar equivalents, impacting the firm's profitability.

Given this scenario, which of the following currency management strategies would be the most effective for the company in mitigating foreign currency risk associated with its operations?