The exchange rate for Chinese yuan $($CNY$)$ per euro $($EUR$)$ changed from CNY$/$EUR $8,1588$ to CNY$/$EUR

$8,3378$ over a $3-$month

period. It is most accurate to state that the:

EUR has appreciated $2,19\%$ relative to the CNY$.$

CNY has depreciated $2,19\%$ relative to the EUR.

EUR has appreciated $2,15\%$ relative to the CNY