Question: Please answer the question based on the quotes provided below: Currency 1/1/20X1 1 /1/20X2 Singapore Dollar (SGD) USD = SGD 1.3698 USD = SGD 1.6667

Please answer the question based on the quotes provided below: Currency 1/1/20X1 1 /1/20X2 Singapore Dollar (SGD) USD = SGD 1.3698 USD = SGD 1.6667 During the 1/1/20x1 to 1/1/20x2 period, the percentage appreciation/depreciation of the Singapore dollar from US point of view was: 17.814 appreciation 21.675 appreciation 17.814 depreciation 21.675 depreciation

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