Question
If the Thai Baht and USD exchange rate at t=0 is X THB/USD THB/USD = 27.14 and then one year later 25.65, by how
If the Thai Baht and USD exchange rate at t=0 is X THB/USD THB/USD = 27.14 and then one year later 25.65, by how many percent did the THB appreciate/depreciate against the USD?
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