authors
Mansi Rajesh Chavan, Nishant Vinod Kumar Pandey and Jinal Patel Mahesh

abstract
Globalized trade and fluctuating foreign currency rates necessitate that enterprises with international operations increasingly manage cash risk. This article examines options and futures as financial instruments to mitigate foreign currency risk. This research seeks to elucidate how firms could proactively manage currency vulnerability via an examination of technology's performance, risk mitigation capabilities, and cost-benefit analyses. It will assess the dynamics of adoption and the decision-making processes involved in selecting innovations and alternatives via primary and secondary information sources. The findings may be used by financial professionals and exporters to develop more efficient hedging strategies to safeguard their earnings from fluctuations in foreign currency markets.