Change in value against the us dollar

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In March 2020, the New Zealand dollar went from US$0.6355 on the 6 March to US$0.5708 on the 20 March.

(a) Did the New Zealand dollar appreciate or depreciate over this period?

(b) By how much did the New Zealand dollar change in value against the US dollar? Show your calculations.

Reference no: EM133069357

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