This research article proposes the reduction of exchange risk through derivatives such as hedging with forward, TRM (Colombian exchange rate) futures and financial options applied to the currencies of a flower exporting company. To this end, monthly TRM data from 01/01/2015 to 01/04/2015 were used. A Monte Carlo simulation was performed for scenarios without hedging, and with forward and futures hedging. In order to model the price for the TRM and options, the geometric Brownian motion was applied. The results showed that hedging with currency options is the best strategy because the mean and 5th percentile of the hedging scenario are close to the mean of the scenario without hedging. That is, it is less likely to have unfavorable results with financial options. Keywords: currency hedging, value at risk, hedging with forward, futures hedging, hedging financial options, foreign exchange risk management.