Question
In December 1994, the government of Mexico officially changed the value of the Mexican peso from 3.16 pesos per dollar to 5.45 pesos per dollar.
In December 1994, the government of Mexico officially changed the value of the Mexican peso from
3.16
pesos per dollar to
5.45
pesos per dollar. What was the percentage change in its value? Was this a depreciation, devaluation, appreciation, or revaluation? Explain.
What was the percentage change in its value?
The percentage change in peso value is
enter your response here%.
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Corporate Governance And Financial Management Computational Optimization Modelling And Accounting Perspectives
Authors: S Nuryanah, S Islam
1st Edition
1349493228, 9781349493227
