My question is why the answer is B?

17. Using the table shown, what is the most current spot exchange rate shown for British pounds? Use a direct quote from a U.S. perspective: Country U.S. S equiv. Currency per U.S. $ Tuesday Monday Tuesday Monday Britain (Pound) $62,500 1.6000 1.6100 0.6250 0.6211 1 Month Forward 1.6100 1.6300 0.6211 0.6173 3 Months Forward 1.6300 1.6600 0.6173 0.6024 6 Months Forward 1.6600 1.7200 0.6024 0.5814 12 Months Forward 1.7200 1.8000 0.5814 0.5556 a. $1.61 = $1.00 b. $1.60 = $1.00 C. $1.00 = $0.625 d. $1.72 = $1.00