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Parent has issued a purchase order for inventory from Canada on Jan 02 20xx for delivery in 90 days. The exchange rate on Jan 02,

Parent has issued a purchase order for inventory from Canada on Jan 02 20xx for delivery in 90 days. The exchange rate on Jan 02, 20xx was $US1.00 to CAN$$ 1.00. The forward exchange rate is $US1.10 to CAN$$1.00 in 90 days..

What might be the hedge you would recommend? I do not want to pay more than the Exchange rate at 01. 02, 20xx?

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