Peso Changes. In December 1994, the government of Mexico officially changed the value of the Mexican peso from 3.17 pesos per dollar to 551 pesos per dollar. What was the percentage change in its value? Was this a depreciation, devaluation, appreciation of revaluation? Explain What was the percentage change in its value? The percentage change in peso value is % (Round to two decimal places) Was this a depreciation, devaluation, appreciation, or revakuator? Explain (Select all the choices that way DA. Anytime a government sets or resets the value of is currency. It is a managed or floed exchange rate that is the came, any change in its official value must be either a revolution or depreciation. In this case, a evaluation B. Anytime a government or rosats the value of as currency is a managed orfoed exchange rate that is the one any change in les oficial value must be other an appreciation or 'devaluation. In this case, an appreciation C. Anytime a government sets or resets the value of its currency, it is a managed or fived exchange rate that the came any change in the official value must be other a "revaluation" or "deviation. In this case devaluation D. This is evident from the fact that it now takes more pesos per US dollar, 10 ks value is less or devalued. In terms of the percentage change calculation, this is indicated by the negative percentage change