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You are a financial consultant advising a Tanzanian tour operator that organizes safari expeditions for international tourists. The company receives payments in various currencies, including

You are a financial consultant advising a Tanzanian tour operator that organizes safari expeditions for international tourists. The company receives payments in various currencies, including US dollars, euros, and British pounds, for tour bookings made online. Discuss the transactional forex risks faced by the tour operator and propose practical risk management strategies to mitigate the impact of exchange rate fluctuations on its revenue stream. Consider different hedging techniques to minimize transactional forex risk exposure effectively.

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