A client needs to pay in the local currency of either India or China (INR or CNY) the overall investment would be 2.3 million AUD if it is made now (e.g. if the current exchange rate is 0.7 USD per AUD, then 1.61 million USD is the investment value). However, because the investment is only going to be made in 12 months from now, the client is worrying about the exchange rate risk.Make a recommendation on how the exchange rate risk can be hedged if the company follows your FDI suggestion.

USDINR 1Y FWD - Bid: 309.7500; Ask: 311.2500

USDCNY 1Y FWD - Bid: 1540.0000; Ask: 1550.0000