STEP: $1$ of $3$

Suppose you are given a spot rate for the euro of $1$ euro $=$$$1\mathrm{.}60.$

This quote is a indirect grad quotation. To convert it to the other type of quotation, you can simply take the reciprocal grad of the quote you received. This would yield a rate of $0\mathrm{.}625gra{d}_{?}$ euros per dollar.