What does look like the best strategy if we assume the high volume of students of $30000$ and all three possible exchange rates? there are options: $0\%$forward and $100\%$options; $25\%$foward and $75\%$options; $50\%$forward and $50\%$options; $75\%$forward and $25\%$options; $100\%$forward and $0\%$options or lastly no hedging? taking into account the results in picture??

$\backslash$table$[[$Only options,$\backslash$table$[[$Difference from benchmark $(=$no hedging and $1\mathrm{.}22$ exchange rate$)],[$USD Exchange Rate $($USD$/$EUR$)]]],[1,01,1,22,1,48],[$$$,575000,$$$,(1525000),$$$,2375000],[,$$$,(356250),$$$,(1143750),$$$,2756250],[,$$$,(1287500),$$$,(762500),$$$,3137500],[,$$$,(2218750),$$$,(381250),$$$,3518750],[$Only Forward contracts,$$,(3150000),$$$,-,$$$,3900000],[$$$,956250,$$$,(1143750),$$$,1131250],[$$$,257813,$$$,(857813),$$$,141718$