When it comes to hedging against foreign exchange risk,

Lets say a company has the following inflow and outflow transactions

Transaction (#)	Date	Currency	Amount
		USD	6,800,000	Cash available in bank
1	10/11/2022	EUR	2,230,500	Inflow
2	14/11/2022	GBP	4,250,000	Outflow
3	22/11/2022	JPY	3,580,000	Inflow
4	30/11/2022	EUR	5,000,000	Outflow

What is the best hedging strategy/position for dealing with inflow transactions?

What is the best hedging strategy/position for dealing with outflow transactions?

With reference to the table above, what is the best hedging strategy/position for dealing with transaction 1, 2,3,4?

And why is it the best hedging strategy/position? (with justification)

Possible options to choose from to recommend to each transaction

-Sell local currency forward

-Long call

- Buy forward

- Sell local currency forward

- long call

- buy forward