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During 1995, the Mexican peso exchange rate rose from MXP5.33/USD to MXP7.64/USD. At the same...

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Finance

During 1995, the Mexican peso exchange rate rose from MXP5.33/USD to MXP7.64/USD. At the same time, U.S. inflation was approximately 3% in contrast to Mexican inflation of about 48.7%.

By how much did the real value of the peso change over this period?

The specific process please,

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