On December 3rd, 2020, Ryan Air placed one of the largest order of airplanes of all time. The airline bought 75 Boeing 737 8 200-Max. The value of the order is $8 billion USD and Ryan Air will pay Boeing in USD in one year. The current exchange rate is at $1.1155 per Euro and the interest rate in Europe is 3% and the interest rate in the US is 2%. The one year forward rate available to Ryan Air is $1.1085. Should Ryan Air carryout a Money Market Hedge or forward hedge? You must show the gain/loss from both strategies to get full credit. 2: View Insert Format Tools Table