Exporting colombian coffee to the united states

Reference no: EM131210236

Ruben is exporting Colombian coffee to the United States. He will be paid $100,000 in six months, but he is concerned about how much of his domestic currency (Colombian pesos) he will receive for the $100,000.

Explain in detail how he can reduce the risk that, in six months, the peso will depreciate in value against the dollar and he will receive fewer pesos than he anticipates.

Reference no: EM131210236

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