Use forward contracts to lock in exchange rates for future transactions. Conduct transactions in multiple currencies to reduce dependency on a single currency. Try to get your dues Invoices in Local Currency If possible, to transfer the exchange risk to your trading partner. Make sure to Include clauses in contracts that allow for price adjustments based on exchange rate fluctuations especially in market volatility times If possible to hold reserves of the foreign currency you frequently use to mitigate immediate market volatility. Deal and Collaborate with banks offering competitive exchange rates and tailored financial solutions for your business.

In addition to hedging, if you are confident that the customer will pay on time, check for discounts on accepted bills of exchange, negotiations, and so on in the invoice's denominated currency and convert to local currency on the same day.

I will address currency fluctuations by employing strategies such as currency hedging, invoicing in a stable currency like USD, or adjusting payment terms to mitigate risks. Additionally, I would negotiate contracts with flexible terms to safeguard against sudden market changes, ensuring both parties maintain a fair and transparent agreement.

You can negotiate adjustment clauses in the contract that automatically adjust the price based on major shifts in exchange rates. For example, if the rate swings by more than 5%, the price could be adjusted to reflect that change. Another option is to share the risk of currency fluctuations between both parties. This way, if the currency moves unfavorably, both sides take on some of the burden