Thoughts on managing currency risk in EM equity plays?

Hey everyone, relatively new here and still figuring out a lot of the nuances, especially when diving into EM. I've been looking at a few interesting equity opportunities in LatAm and Southeast Asia, but the currency volatility, particularly in some of the smaller markets, is a bit intimidating. I understand the general concept of hedging, but in practice, how do you all typically approach managing that FX exposure without completely eroding potential upside? Is it mainly through options, or are there other strategies I should be looking into for longer-term EM equity positions? I'm trying to get a handle on best practices without overcomplicating things initially. Any insights or war stories would be really helpful.