Suppose in December 2016 the Mexican Peso is 21.4492 per US$ and in December 2017 Mexican Peso is 19.0025 per US$. Given this information:
The US $ has appreciated by 11.21% against the Mexican Peso between 2016 and 2017.
The US $ has depreciated by 11.31% against the Mexican Peso between 2016 and 2017.
The US $ has appreciated by 11.41% against the Mexican Peso between 2016 and 2017.
The US $ has depreciated by 11.41% against the Mexican Peso between 2016 and 2017.
The US $ has appreciated by 11.31% against the Mexican Peso between 2016 and 2017.
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