n Brussels, one can buy a U$.$S$.$ dollar for $0\mathrm{.}8200.$ In New York, one can

buy a euro for $$1\mathrm{.}22.$ What is the foreign exchange rate between the dollar

and the euro?

Assumptions Values

Buy a US dollar in Brussels for $(/$$$)0\mathrm{.}8200$

Which is equivalent, the reciprocal $($$$/)$ $$1\mathrm{.}2195$

Buy a euro in NY for $($$$/)$ $$1\mathrm{.}2200$

Which is equivalent, the reciprocal $(/$$$)0\mathrm{.}8197$

There is an obvious minor difference between the two currency quotes.