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If a year ago 1CAD=3.89BRL and today 1CAD=3.25BRL what happened to the value of BRL over the period? Appreciated 19.69% Depreciated 19.69% Appreciated 16.45% Depreciated

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If a year ago 1CAD=3.89BRL and today 1CAD=3.25BRL what happened to the value of BRL over the period? Appreciated 19.69% Depreciated 19.69% Appreciated 16.45% Depreciated 16.45%

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