The increased volatility that has been witnessed over the past few years has posed a problem to SMEs. The authors of this paper would wish to prepare a framework that can help solve this problem by giving SMEs a guideline for making payments and to hedge their exposures. Earlier literature has already covered the prediction of spot prices of the forex rates. The authors wish to use this for decision-making. The model used for this is the eGARCH model used on the R software. Using monthly and daily predictions the authors have developed a framework that can be used for decision making and hedging. This model is limited to working in normal times and not stressed situations.