Question: I don't understand the problem so I will try to describe it as clearly as possible. It reads: The context of the problem is: the

I don't understand the problem so I will try to describe it as clearly as possible. It reads:

The context of the problem is: the exchange rate of the US dollar (USD) is relative to the Kenyan Shilling (KES). and answer the questions assuming that Kenya and the US are the only 2 countries in the world.

In late April 2017, 1 USD was worth 103.2 KES. In July, 1 USD was worth 104 KES. Did the dollar appreciate or depreciate? Did the shilling appreciate or depreciate?

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