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Please answer the question based on the quotes provided below: Quotes : 1/1/20X1 USD/EUR = 0.7843 Quotes: 1/1/20X2 USD/EUR = 0.7381 During the 1/1/20X1 to

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Please answer the question based on the quotes provided below: Quotes : 1/1/20X1 USD/EUR = 0.7843 Quotes: 1/1/20X2 USD/EUR = 0.7381 During the 1/1/20X1 to 1/1/20X2 period, the percentage appreciation/depreciation of the Euro from US point of view was: 5.89 appreciation 6.26% appreciation 5.89 depreciation 6.26% depreciation

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