Cada Seis Aos. Mexico was famousor infamous for many years for having two things every six years

Cada Seis Años. Mexico was famous—or infamous—

for many years for having two things every six years

(cada seis años in Spanish): presidential elections and currency devaluations. This was the case in 1976, 1982, 1988, and in 1994. In its last devaluation on December 20, 1994, the value of the Mexican peso (MXN) was officially changed from MXN5.08/GBP to MXN8.46/

GBP. What was the percentage devaluation?