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Aa Aa El 2. Foreign exchange rate quotations An exchange rate is the price of one country's currency expressed in another country's currency. The exchange rates of the euro () and the Japanese yen (V) relative to the U.S. dollar are listed as follows: Spot Rate Euro 0.6589 $1 Yen 99.4400 $1 When exchange rates are stated as quotation, the foreign exchange rate represents the number of American dollars that can be purchased with one unit of domestic currency. Given the exchange rate data above, how many yen (Y) can one euro ( 1) purchase? O 188.65 O 166.01. y 150.92 Y 173.56