Computation of currency fluctuations

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Reference no: EM13116514

The value of the Australian dollar (A$) today is $0.73. Yesterday, the value of the Australian dollar was $0.69. The Australian dollar ________ by _______%.

A) depreciated; 5.80

B) depreciated; 4.00

C) appreciated; 5.80

D) appreciated; 4.00

I know that the dollar has appreciated but how do I calculate the appreciation rate. What is the equation to be used?

Reference no: EM13116514

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