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Suppose we have the following quotations for the exchange rate of USD and Russian ruble (RUB). April 1st: $ 0.025 = 1.00 RUB May 1st:

Suppose we have the following quotations for the exchange rate of USD and Russian ruble (RUB).

April 1st: $ 0.025 = 1.00 RUB May 1st: RUB 65.65 = $ 1.00

Which currency has depreciated, USD or RUB? _____ (only write the three-letter symbol)

USD appreciated/depreciated _____%. (Round to two decimal places)

RUB appreciated/depreciated _____%. (Round to two decimal places)

Note: The depreciation quantity must carry a negative sign.

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