Not true. You can secure futures contracts on foreign currency for a small fraction of the total contract value. You don't actually have to buy the currency to hedge against fluctuations in the exchange rates. The actual transction occurs when the contract expires at the exchange rate negotiated at the beginning of the contract.Prices for the new Smarts must go up!
Currency Hedge works only if you hold, or control, a large supply of high value foreign moneys. In this go-around you want to be holding Euros.