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One month ago, the spot rate for the Canadian dollar ( CAD ) was 1 CAD = 0 . 8 2 USD. Today, you observe

One month ago, the spot rate for the Canadian dollar (CAD) was 1 CAD =0.82 USD. Today, you observe that the spot rate is 1 CAD =0.89 USD. How much has the value of the Canadian dollar appreciated (+) or depreciated (-) relative to the US dollar? Submit your final answer as a percentage rounded to two decimal places (Ex.0.00%).(Submit a currency appreciation as a positive and a currency depreciation as a negative.)

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