This assignment asks you to take the variance between your FX assignment forecast and the actual FX rate (Bank of Canada end of day rate) starting from the first day of the class till the end of the FX assignment (25^th January 2023 - Wednesday), and explain the variance from your forecast based on events, activities, etc. that occurred in the interim period. You will be addressing your comments to the factors that you chose to use to explain your FX forecast.

Your task is to provide sufficient evidence that explains what happened to cause the variance that occurred. For instance, if the exchange rate was stable why? if not why not? and how did your chosen factors fit into the varianceif at all?

QUESTIONS:

An executive summary of the paper (maximum half a page).

A description of why the factors that you chose in your FX, were considered to have, or not have, a material impact on the fluctuations of the Canadian dollar.

An analysis of relevant information that you have sourced, provides direction to you as to whether or not your selection of the factors was appropriate or not.

A discussion of analytical information you have sourced (e.g. charts) with an articulate explanation as to how such charts explain the variation.

A brief conclusion that summarizes your analysis and discussion.

An appendix which provides power point slides summarizing your paper (i.e. description of factors, supporting information that backs up your explanation of your variance, and then a conclusion slide.)

It will be judged on the factual information it contains, the clarity of your arguments, the depth of your analysis and the professionalism expected of a formal memo prepared by an outside consultant to a client.