Mastering WidgetKit in SwiftUI 4, iOS 16 with Dynamic Island - Exchange Rate Widget Introduction

The video tutorial covers the creation of a new widget with a focus on deep linking. It explains how widgets support basic interactions and introduces the concept of deep linking, which allows users to navigate directly to specific parts of an app. The tutorial then guides viewers through building an exchange rate widget, integrating it with an API to fetch currency exchange rates, and organizing the project structure. The video concludes with a setup for the next tutorial, which will focus on building models for the app.

Describe the goal of the exchange rate widget project mentioned in the text.

What steps are involved in setting up the Exchange Rate app and widget?