Question: What are the potential risk management measures for the firm including potential hedging strategies?. 300-word discussion

Background information:

1. The firm imports medical equipment to Australia from foreign suppliers located in Japan, the United States and the Switzerland.

2. The firm also exports pharmaceuticals from Australia to Singapore.

3. The firm has a payment of 600,000,000 JPY due in 3 months to their supplier in Japan, a payment of 5,000,000 USD due in 3 months to their supplier in US, and a payment of 7,000,000 CHF due in 2-month time to their supplier in Switzerland.

4.The firm is due to receive 9,000,000 SGD from their customer in Singapore in 4 months.

5. The firm also have 10,000,000 CHF deposited in a bank in Zurich and the deposit is due to mature in 2 months. The money was deposited 10 months ago at an interest rate of 1.75% p.a.