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The corporate treasury department at Nestle based in Switzerland, would like to determine the EURCHF exchange rate. The following quotes are available: EURUSD = $1.1817

The corporate treasury department at Nestle based in Switzerland, would like to determine the EURCHF exchange rate. The following quotes are available:

EURUSD = $1.1817 USDCHF = CHF 0.7245

Based upon this information, what is the EURCHF exchange rate? (Round all calculations to 4 decimal places)

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