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Kay would like to estimate the percentage change in foreign currency value against the dollar value from the historical data. Assume that the value of

Kay would like to estimate the percentage change in foreign currency value against the dollar value from the historical data. Assume that the value of the South Africa rand(ZAR) was changed fromZAR 8.55 equals $ 1.00 in February4,2003 to ZAR 6.95 equals $ 1.00 in February4,2004. What was the percentage value change in South Africa rand against dollar over the year?

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