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2) The MXN went from MXN 19.2123 per USD to MXN 22.5540 per USD in a month. a) What was the appreciation (or depreciation) of

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2) The MXN went from MXN 19.2123 per USD to MXN 22.5540 per USD in a month. a) What was the appreciation (or depreciation) of the MXN relative to the USD over the month? (Hint: calculate the % change in the USD-value of the MXN over the month) b) What was the appreciation (or depreciation) of the USD relative to the MXN over the month? (Hint: calculate the % change in the MXN-value of the USD over the month)

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