Which one of the following statements is correct given the following exchange rates?

U.S. $ per 1 foreign unit

Fri Thu

South Africa 0.1028 0.1023

Thailand 0.0284 0.0286

A) On Thursday, one U.S. dollar was equal to 0.1023 South African rand

B) U.S. dollar depreciated from Thursday to Friday against the South African rand

C) Both the South African rand and the Thai baht appreciated against the U.S. dollar from Thursday to Friday

D) The South African rand *depreciated* from Thursday to Friday against the U.S. dollar.