The venezuelan government officially floated the venezuelan bolivar (bs) in february 2002. within weeks, its value had moved from the pre-float fix of bs 774 divided by $ to bs 1 comma 027 divided by $. a. is this a devaluation or a depreciation? b. by what percentage did the value change? a. is this a devaluation or a depreciation? (select from the drop-down menu.) this is a case in which a government has changed its currency from a governmentally determined fixed rate, to a regime in which the currency is allowed to change in value based on supply and demand forces in the market. as a result of the move, the currency's value in this case was ▼ against the u. s. dollar.