Consider a European put option on a currency. The exchange rate is $1.20 per unit of the foreign currency, the strike price is $1.25, the time to maturity is one year, the domestic risk-free rate is 5% per annum, and the foreign risk-free rate is 2% per annum. The volatility of the exchange rate is 0.25. What is the value of this put option according to the Black-Scholes-Merton model? Please provide your answer in the unit of dollar, to the nearest cent.