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Assume the following exchange rates: $ 1 = NZ$ 3 , NZ$ 1 = MXP 2 , and $ 1 = MXP 5 . Given

Assume the following exchange rates: $1= NZ$3, NZ$1= MXP2, and $1= MXP5. Given this information, as you and others perform triangular arbitrage, the exchange rate of the New Zealand dollar (NZ) with respect to the U.S. dollar should ____, and the exchange rate of the Mexican peso (MXP) with respect to the U.S. dollar should ____.
Question options:
A) appreciate; depreciate
B) depreciate; appreciate
C) depreciate; depreciate
D) appreciate; appreciate
E) remain stable; appreciate

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