2) The Nicaraguan Cordoba Oro (NIO) went from USD 0.0294 per NIO to USD 0.0285 per NIO in a month.

a) What was the appreciation (or depreciation) of the NIO relative to the USD over the month? (Hint: calculate the % change in the USD-value of the NIO over the month)

b) What was the appreciation (or depreciation) of the USD relative to the NIO over the month? (Hint: calculate the % change in the NIO-value of the USD over the month