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The Venezuelan government officially floated the Venezuelan bolivar (VEF) in February of 2002. Within weeks, its value had moved from the pre-float fix of VEF778/USD

The Venezuelan government officially floated the Venezuelan bolivar (VEF) in February of 2002. Within weeks, its value had moved from the pre-float fix of VEF778/USD to VEF1025/USD.

By what percentage did its value change if you are an opposition-leaning reporter?

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The U.S. dollar appreciated by 24.10% (or +24.10%)

The bolivar appreciated by 24.10% (or +24.10%)

The bolivar appreciated by 31.75% (or +24.10%)

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