6) You are to receive 145,000 on July 30 from a customer in Germany. Todays spot price is $1.14/ and the August forward rate is $1.18/. You enter an August futures contract (125,000) to sell the euro at $1.18/. When you receive the 145,000 on July 30 the spot exchange rate is $1.15/ and you sell the 145,000. On that same day you close your futures contract at $1.15/. What is the effective exchange rate you received for the 145,000? Go to 4 decimal places.