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If you are expecting a large quantity of euros in one month which you need to exchange for dollars and are not sure where the

If you are expecting a large quantity of euros in one month which you need to exchange for dollars and are not sure where the exchange rate is going but want to reduce your risk

buy a forward contract on euros

sell a forward contract on euros and buy a forward contract on dollars

sell a forward contract on euros

remain unhedged

take a long position in a FRA

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