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In August of 2018, 6.88 Turkish lira (TRY) exchanged for one USD. By February of 2019 the exchange rate between the Turkish lira and USD

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In August of 2018, 6.88 Turkish lira (TRY) exchanged for one USD. By February of 2019 the exchange rate between the Turkish lira and USD was 5.16 TRY to one USD. Which of the following best describes the change in the value of the Turkish lira against the USD between August of 2018 and February of 2019? None of the other answers are correct. O The lira appreciated by 33% against the dollar. The lira depreciated by 33% against the dollar. The lira depreciated by 25% against the dollar. O The lira appreciated by 25% against the dollar

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