Question
Last year a dollar was equal to 5 Swedish kronor, and a Polish zloty was equal to $0.37. Today, the dollar is equal to 6
Last year a dollar was equal to 5 Swedish kronor, and a Polish zloty was equal to $0.37. Today, the dollar is equal to 6 Swedish kronor, and a Polish zloty is equal to $0.43. By what percentage did the cross exchange rate of the Polish zloty in Swedish kronor (i.e., the number of kronor that can be purchased with one zloty) change over the last year? Do not round intermediate calculations. Round your answer to two decimal places. Enter your answer as a positive value.
The cross exchange rate of zloty in kronor has depreciated/appreciated by _______ %.
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