operation management

| December 10, 2015

My professor ask us to write a  currency watch project but I still can’t the imagine what it is, could anyone show me an example or give me a easy and understanble explanation ? I will very very appreciate your help.

detail description from his sllybus :

Currency Watch Project

You are required to complete a Currency Watch 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. You%u2019ll be submitting the project paper as an attachment in Black Board.

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 May 13, 2013 to July 13, 2013 as reported in The Wall Street Journal (WSJ). The students will pick a currency from the following regions: (a) Europe, (b) Asia, (c) Latin and South America, (d) North America, and (e) Middle East. Each student will submit in writing to the instructor by June 20, 2013 the currency he or she will use for the project. The selection will be on a first come, first serve basis. No more than two students can pick the same currency; preferably, each student should pick a different currency for his/her project. 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.

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operation management
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