An exchange rate is the price of one country's currency expressed in another country's currency. PS The exchange rates of the euro ( ) and the Japanese yen () relative to the U.S. dollar ($) are listed as follows: Euro Yen Spot Rate 0.6589 / $1 111.83 / $1 When exchange rates are stated in terms, the foreign exchange rate quotation represents the units of domestic currency that can be purchased with $1. How many euros can 1 purchase? 0.005892 0.007660 0.004714 212.15 The home currency price of one unit of foreign currency is called quotation