An executive at Louis Vatton Moet Hennesey would like to transfer Euros to a New Zealand supplier of handbags. The foreign currency exchange market between the Euro and the New Zealand dollar is not very liquid so a quote for EURNZD is not easily determine. However, the executive knows that the foreign currency market is much deeper for EURUSD and NZDUSD. The executive finds the following quotes:

EURUSD = $1.1517 NZDUSD = $0.6937

Based upon this information, what is the cross exchange rate for EURNZD? (Round to 4 decimals places.)