Mexican Peso Changes. In December 1994, the government of Mexico officially changed the value of the Mexican peso from 3.23 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 1%. (Round to two decimal places.) Was this a depreciation, devaluation, appreciation, or revaluation? Explain. (Select all the choices that apply) A Anytime a government sets or resets the value of its currency, it is a managed or fixed exchange r B. Anytime a government sets or resets the value of its currency, t is a D C. Anytime D This is evident from the fact that it now takes more pesos per US dollar, so its value is less or devalued in terms of the percentage change calculator rate. If that is the case, any change in its official value must be either an "appreciation" or "devaluation. In this case, an appreciation. be either a "revaluation" or "devaluation." In this case, a devaluation be either a "revaluation" or "depreciation." in this case, a revaluation indicated by the negative percentage change. managed or fxed exchange rate. If that is the case, any change in its ofial valui must a government sets or resets the value of its currency, it is a managed or fixed exchange rate. If that is the case, any change in its official value must this is