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Project You are required to complete a Currency Watch and Hedging project. This project is not a team project. The project should reflect your own effort, understanding, and analytical ability. The project paper should not exceed five pages, excluding tables, figures, and references. The paper must be typed, double-spaced, and free of editorial errors. Project Description. This project involves a foreign exchange rate watch over a certain period and then using available (traded or non-traded) instruments to hedge the currency exchange risk. Each student will track the changes in a foreign currency exchange rate (per U.S. dollar) for the period April 4, 2013 to May 28, 2013 as reported in The Wall Street Journal (WSJ). Currency to watch is Australian Dollars ( AUD). The selection will be on a first come, first serve basis. No more than two students can pick the same currency; preferably,You should State witch Currency Appreciate/Depreciate and why did it appreciate/Depreciate and by how much or what %. Your project report should include a table showing the dates and the exchange rates, a graph of the exchange rates, mean and standard deviation of the exchange rates, and two-to-three page explanation of the causes of daily exchange rate changes. You may want to track the news reported or articles published in WSJ and in other financial media about the political events, interest rates, inflation rates, estimates of growth rates in gross national product, intervention by the central bank, and money supply in both the United States and foreign country. Such information should be presumably useful in finding the causes of daily exchange rate changes. You should cite articles published in WSJ and other outlets in your explanation of variation in daily exchange rates following dates should be April 4th April 18 May 2nd May 16th May30th basically its a 2 weeks gap in between. you could use any sources and cite them.