Question: pleass show step by step solution 2) The MXN went from MXN 22.5540 per USD to MXN 19.2123 per USD in a month a) What

pleass show step by step solution

2) The MXN went from MXN 22.5540 per USD to MXN 19.2123 per USD in a month a) What was the appreciation (or depreciation) of the MXN relative to the USD over the month? (Hint: calculate the % change in the USD-value of the MXN over the month) b) What was the appreciation (or depreciation) of the USD relative to the MXN over the month? (Hint: calculate the % change in the MXN-value of the USD over the month). 3) Suppose the current exchange for the EUR is USD 1.1227 per EUR. You forecast the USD is going to appreciate by 10% relati will be the USD/EUR exchange rate in a month if your forecast is correct? to the EUR in one month. What

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