This applied investigation had as objective to establish a shortterm financial cover to control the impact of loss on profits due to the exchange rate risk on the COP/USD ratio, in a company dedicated to the import and marketing of tires in Colombia. For the above, it was necessary to carry out a quantitative analysis between the options and forward coverage, requiring the use of the Black Scholes technique for the calculation of the premium; Likewise, it was necessary to simulate through different forecasting methods to choose the lowest RMSE error, presented as a result the time series which was used to project the future behavior of the dollar through the Risk Simulator software. Finally, it was evident that a great part of the background for the present investigation is of a qualitative type, some of the existing quantitative origin are not focused on case studies; otherwise, the results obtained allowed to demonstrate that the best coverage is the purchase of the Call in The Money ...