Foreign exchange rate quotations Aa Aa n exchange rate is the price of one country's currency expressed in another country's currency. Suppose an American investor is given the current exchange rates in the following table. The listed quotations are indirect quotations stated in American term indirect direct Exchange Rate British pound (E)$1.8970/pound Euro () Australian dollar (AU$) $0.8220/ Australian dollar $1.3780/euro Given these rates, an Australian dollar can purchase British pounds