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Bangkok Broken. The Thai baht (THB) was devalued by the Thai government from THB25.08/$ to THB28.96/$ on July 2, 1997. What was the percentage devaluation

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Bangkok Broken. The Thai baht (THB) was devalued by the Thai government from THB25.08/$ to THB28.96/$ 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 5%. (Round to two decimal places.)

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