elp me understand how to interpret the following currency pairs(in a much simplified way) a)€1/$1.1837 €1/£0.7230 £1/$1.6388 b)Spot rate $1/Kes 76.22-92

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter4: Exchange Rate Determination
Section: Chapter Questions
Problem 1BIC
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Help me understand how to interpret the following currency pairs(in a much simplified way)

a)€1/$1.1837

€1/£0.7230

£1/$1.6388

b)Spot rate $1/Kes 76.22-92

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