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Chinese Yuan (CNY) was quated at about 8 CNY for $1 when i left china in 2001. right now, it is quoted as 6.15 CNY

Chinese Yuan (CNY) was quated at about 8 CNY for $1 when i left china in 2001. right now, it is quoted as 6.15 CNY for $1. chinese Yuan has-------by approximately---------since 2001.

A. Appreciated, 23%

B. Appreciated, 30%

C. Depreciated 23%

D. Depreciated, 30%

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