17.1 For each of the cases given below, indicate whether the curo has appreciated or depreciated. (2 pes each) The spot exchange rate changes from 450 euros per Mexican peso to 440 euros per Mexican peso. The spot exchange rate changes from 0.011 Mexican pesos per euro to 0.006 Mexican pesos per euro. 17.2 Suppose S1 -0.85 euros in New York, 1 euro = 150 yen in Paris, and I yer $0.008 in Tokyo If you begin by holding Si, how could you profit from these exchange rates? What is your arbitrage profit per dollar initially traded? (6 points)