The Turkisk lira (TL) was officially devalued by the Turkisk government in February 2001 during a severe political and economic crisis. The Turkisk government announced on February 21st that the lira would be devalued by 20%. The spot exchange rate on February 20th was TL66,000/$.

What was the exchange rate after devaluation?

What was the percentage change after falling to TL97,000/$ three days after the devaluation?

The percentage change from the inital value after falling to TL97,000/$ is ____________% Round to two decimal places.

The percentage change from the devalued value after falling to TL97,000/$ is ____________% round to two decimal places.