Consider that last week the foreign exchange rate between Brazil and Germany was 1 Real = 0.22 Euros, meaning 1 Real bought 0.22 Euros last week. However, this week the exchange rate changed and is currently 1 Real = 0.27 Euros. Therefore you can say that the Euro: Group of answer choices appreciated against the Real is overvalued relative to the Real depreciated against the Real is undervalued relative to the Real