A bank has the following balance sheet. On the asset side, of the 185 million, 50 million is from dollar loans, $ 60 million at $ 1.2 per euro. On the liabilities side, the financing from the markets is $ 72 million, which, at the rate of $ 1.2 / , corresponds to 60 million.

Assets [million ]	Liabilities [million ]
Available: 15	Deposits: 120
Loans: 185, of which	financing from markets :60 or
135	financing from the markets is $ 72 at the rate of $1.2 /
50 = $ 60 million at $ 1.2 per euro	clean seat: 20

Given that the liquidity rules provide

availability / deposits > or equal to 0,10 (10%)

Explain which change in the exchange rate will be unfavorable for the bank: the appreciation of the euro against the dollar or the devaluation?