La Conquista—The Mexican Dance. Calculate the percentage change in the value of the peso for the three different cross-rates shown in the table for the six dates. Did the peso fall further against the U.S.

dollar or the Swiss franc?

Transcribed Image Text:

7.00 Mexican Peso Against U.S. Dollar (Nov. 1994-Jan. 1995) 6.00 5.00 4.00 3.00 2.00 1.00 0.00 11/03/1994 11/07/1994 11/09/1994 11/11/1994 11/15/1994 11/17/1994 11/21/1994 11/23/1994 11/25/1994 11/29/1994 01/01/1994 12/05/1994 12/07/1994 12/09/1994 12/13/1994 12/15/1994 12/19/1994 12/21/1994 12/23/1994 12/27/1994 12/29/1994 01/02/1995 01/04/1995 01/06/1995 01/10/1995 01/12/1995 01/16/1995 01/18/1995 01/20/1995 01/24/1995 Exchange Rates 01/26/1995 01/30/1995 Nov 3, 1993 Nov 3, 1994 Dec 5, 1994 Dec 16, 1994 Dec 30, 1994 Jan 30, 1995 Mexican peso per U.S. dollar 3.1500 3.4330 3.4430 3.464 5.000 6.3000 Mexican peso per Swiss franc 2.1040 2.7070 2.5960 2.5980 3.8200 4.9740 U.S. dollar per Swiss franc 0.6679 0.7880 0.7540 0.7500 0.7640 0.7890