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Today, the CAD/AUD is 1.6790. A year ago, the CAD/AUD was 1.7290. Based on this, in the last year the AUD ____ by _____% depreciated;

Today, the CAD/AUD is 1.6790. A year ago, the CAD/AUD was 1.7290. Based on this, in the last year the AUD ____ by _____%
depreciated; 2.892%
appreciated; 2.892%
depreciated; 2.978%
appreciated: 2.978%
can you please walk me through how we got this answer?
image text in transcribed
Today, the CAD/AUD is 1.6790. A year ago, the CAD/AUD was 1.7290. Based on this, in the last year the AUD by %. depreciated: 2.892% appreciated, 2.892% depreciated 2.978% appreciated, 2978%

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