Question: Assume that last year the Australian dollar was trading at
Assume that last year the Australian dollar was trading at $.5527, the Mexican peso at $.1102, and the British pound was worth $1.4233. By this year the U.S. dollar value of an Australian dollar was $.7056, the Mexican peso at $.0867, and the British pound was $1.8203. Calculate the percentage appreciation or depreciation of each of these three currencies between last year and this year.
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