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A year ago, you were considering traveling to Switzerland and the exchange rate was quoted indirect at 1.4580SF/$. Currently, the exchange rate is 1.3122 SF/$.

A year ago, you were considering traveling to Switzerland and the exchange rate was quoted indirect at 1.4580SF/$. Currently, the exchange rate is 1.3122 SF/$. Calculate the % change. Has the Swiss Franc appreciated or depreciated?

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