Did mexican peso appreciate the same in real terms

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During 1995, the Mexican peso exchange rate rose from Mex$5.33/U.S.$ to Mex$7.64/U.S.$. At the same time, U.S. inflation was approximately 3% in contrast to Mexican inflation of about 48.7%. Did Mexican peso appreciate, depreciate or stay the same in real terms?

Reference no: EM131916169

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