Mexican Peso Changes. In December​ 1994, the government of Mexico officially changed the value of the Mexican peso from 3.22 pesos per dollar to 5.53 pesos per dollar.What was the percentage change in its​ value? Was this a​depreciation, devaluation,​ appreciation, or​ revaluation? Explain. What was the percentage change in its​ value? The percentage change in peso value is ____​%. ​(Round to two decimal​ places.)Was this a​ depreciation, devaluation,​ appreciation, or​revaluation? Explain.  ​(Select all the choices that​ apply.)

A. Anytime a government sets or resets the value of its​ currency, it is a managed or fixed exchange rate. If that is the​ case, any change in its official value must be either a​ "revaluation" or​ "depreciation." In this​case, a revaluation.
B. Anytime a government sets or resets the value of its​ currency, it is a managed or fixed exchange rate. If that is the​ case, any change in its official value must be either an​ "appreciation" or​ "devaluation." In this​ case, an appreciation.
C. Anytime a government sets or resets the value of its​ currency, it is a managed or fixed exchange rate. If that is the​ case, any change in its official value must be either a​"revaluation" or​ "devaluation." In this​ case, a devaluation.
D. This is evident from the fact that it now takes more pesos per U.S.​ dollar, so its value is less or devalued. In terms of the percentage change​ calculation, this is indicated by the negative percentage change.