Question: I got this question wrong. What is the correct method and answer? In 2021, the exchange rate between the USD and the euro (EUR) was

 I got this question wrong. What is the correct method and

I got this question wrong. What is the correct method and answer?

In 2021, the exchange rate between the USD and the euro (EUR) was 1.15 USD = 1 EUR Later, in 2022 the exchange rate was 1.08 USD = 1 EUR What was the percent appreciation or depreciation in the US dollar against the EUR over this time? Answer in the negative for depreciation. If applicable, in your calculations, round to four decimal places. Round your final answer to two decimal places and answer in percent form. For example, if your answer is 99.25%, answer -99.25 and do not answer -99 or .9925. Note that there are different versions of this question. Read the exchange rates and other information very carefully

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