An exporting co$.,$ which is domiciled in Canada, gets paid in GBP $($from a UK$-$based co$.).$ The exporting co$.$ is concerned about fluctuating FOREX. The CFO of the co$.$ estimates that profits decrease by $$180,000$ for every $$0\mathrm{.}04$ adverse movement$($s$)$ in exchange rates $($namely an increase in CAD$/$GBP$)-$ can the company hedge this risk $$ if so$,$ what would you recommend the company do to mitigate its potential losses $($re$-$do the calculations if the profits decrease by the same $ value for every $$0\mathrm{.}03$ adverse movement$).$