please help with discussion question:

currency hedging help offset the risk post by certain currency. For example, if a company has the liability to deliver certain amount of cash flows let say 20 million Euros within a year, it can enter contract to buy 20 million Euros on the same day so it can buy and sell the same amount. Example of a company is XYZ US company that decides to buy supplies from Europe on June 1, 2020 for agreed price of EUR 50,000. The supplies were to be delivered in December of that year. Let say at the time of delivery the exchange rate was EUR1 is worth 1.1095 USD, the expected sale will be 50000x 1.1095 which equals $55475 at the time the XYZ company buys the items. If the exchange rate changes at the time of delivery changes to 1 Euro to 1.45USD the equivalent will be EURO 50,000 will now worth $52250 where the company now has lost $3225 due to the dollar losing it value at the time of delivery. The XYZ example can prevent this risk by hedging against the currency. What is the situation you are your international venture, is the currency volatile in your chosen country. What are some of the techniques will you be using to mitigate these risks, or the risks are minimal?