Please answer the following questions in no less than 100 words:\

What is the statistical interpretation of the expected future spot rate?

The CFO at ABC Company receives a lump sum payment from a foreign vendor of 2,000 euros and intends to convert them to US$. When he calls his foreign currency broker, the quote given is .6250-.6667/US$. What can he expect to realize in US$ from the broker? Partial credit will be awarded if you show your work and/or provide an explanation on how your answer is derived.