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Bangkok Broken. The Thai baht (THB) was devalued by the Thai government from THB24.76/$ to THB29.23/$ on July 2, 1997. What was the percentage devaluation

Bangkok Broken. The Thai baht (THB) was devalued by the Thai government from

THB24.76/$ to THB29.23/$ on July 2, 1997. What was the percentage devaluation of the baht?

What was the percentage devaluation of the baht?

The percentage devaluation of the baht is ___%.

(Round to two decimal places.)

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