One month ago, the Mexican peso (Ps)U.S. dollar exchange rate was Ps9.0395/$ ($0.1106/Ps). This month, the exchange

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One month ago, the Mexican peso (Ps)–U.S. dollar exchange rate was Ps9.0395/$ ($0.1106/Ps). This month, the exchange rate is Ps9.4805/$ ($0.1055/Ps). State which currency appreciated and which depreciated over the last month, and then calculate both the percentage appreciation of the currency that rose in value and the percentage depreciation of the currency that declined in value.
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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