[单选题]

Assume that one year ago, the exchange rate between the Japanese yen and the euro was 100 JPY/EUR, and the exchange rate between the Japanese yen and the U.S. dollar was 80 JPY/USD. Current exchange rates are 104.2 JPY/EUR and 76.6 JPY/USD. Which of the following statements is most accurate?

A.The USD has depreciated relative to the EUR.

B.The JPY has depreciated 4.2% relative to the EUR.

C.The current U.S. dollar to euro exchange rate is approximately 1.25 USD/EUR.

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