The exchange rates of the euro ( ) and the Japanese yen () relative to the U.S. dollar ($) are listed as follows:

Spot RateEuro 0.5447 / $1Yen 108.4500 / $1

When exchange rates are stated in terms, the foreign exchange rate quotation represents the units of domestic currency that can be purchased with $1.

How many euros can 1 purchase?

248.88

0.005023

0.005776

0.004018

The home currency price of one unit of foreign currency is called quotation.