Activity 13.2 Use the following data to work on the following problems The Australian dollar exchange rate increased from $US0.85 in June 2010 to $US1.07 in June 2011 and it increased from 70 euro cents in June 2010 to 74 euro cents in June 2011. a. Did the Australian dollar appreciate or depreciate against the U.S. dollar? Did the Australian dollar appreciate or depreciate against the euro? b. What was the value of the U.S. dollar in terms of Australian dollars in June 2010 and June 2011? Did the U.S. dollar appreciate or depreciate against the Australian dollar over the year June 2010 to June 2011? c. What was the value of one euro (100 euro cents) in terms of Australian dollars in June 2010 and June 2011? Did the euro appreciate or depreciate against the Australian dollar over the year June 2010 to June 2011