question archive On January 1975, the Mexican peso/ US$ exchange rate was Ps12
On January 1975, the Mexican peso/ US$ exchange rate was Ps12
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On January 1975, the Mexican peso/ US$ exchange rate was Ps12.5=$1. By January 1985, the exchange rate stood at Ps208.9=$1. By how much has the Mexican peso appreciated or depreciated against the dollar over this ten-year period?
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peso devaluation of 1,571%
peso revaluation of 94.02%
peso devaluation of 94.02%
peso revaluation of 1,571%
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