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One month ago, the spot rate for the Britith pound (GBP) was 1GBP=1.19 USD. Today, you cbserve that the spot rate is.1 GBP =1.21 USD.
One month ago, the spot rate for the Britith pound (GBP) was 1GBP=1.19 USD. Today, you cbserve that the spot rate is.1 GBP =1.21 USD. How much nat ine vatue of the dollar ppreciated (t) or depreciated () relative to the British pound? Submit your final answor as a percentage rounded to two decimal places (Ex. 0 och. a potitive and a cumency deprecation as a negative.)
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