a. The dollar is presently worth .8 euros. What is the direct exchange rate of the euro?

b. The direct exchange rate of the euro is presently valued higher than it was last month. What does this imply about the movement of the indirect exchange rate of the euro over the last month?

c. The Wall Street Journal quotes the Australian dollar to be worth $.50, while the 1-year forward rate of the Australian dollar is $.51. What is the forward rate premium?
What is the expected rate of appreciation (or depreciation) if the 1-year forward rate is used to predict the value of the Australian dollar in 1 year?