Proctor and Gamble (P\&G) has an affiliate in Vietnam, P\&G Vietnam, which procures much of its toiletry's product line from a Thai company. Because of the shortage of working capital in Vietnam, payment terms by Vietnamese importers are typically 180 days or longer. P\&G Vietnam wishes to hedge an 8.5 million Thai Baht payable. Although options are not available on the Vietnamese Dong (VND), forward rates are available. Additionally, a common practice in Vietnam is for companies like P&G Vietnam to work with a currency agent who will lock in the current spot exchange rate in exchange for a 4.85% fee. Use the following information to recommend a suitable hedging strategy