Movement in Cross Exchange Rates Assume that cross exchange rates are always properly aligned, such that triangular arbitrage is not feasible. While at the Miami airport today, you notice that a U.S. dollar can be exchanged for 125 Japanese yen or 4 Argentine pesos at the foreign exchange booth. Last year, the Japanese yen was valued at $0.01, and the Argentine peso was valued at $0.30 . Based on this information. by what percentage has the value of the Argentine peso changed against the Japanese yen over the last year?
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