From the put-call parity, we have:

$$P = C - S \times e^{-r_f \times T} + K \times e^{-r_d \times T}$$

Where:

• $P$ is the price of the European put option.
• $C$ is the price of the European call option.
• $S$ is the current spot exchange rate (value of the foreign currency in USD).
• $r_d$ is the domestic (US) risk-free interest rate.
• $r_f$ is the foreign risk-free interest rate.
• $K$ is the strike price of the option.
• $T$ is the time to maturity of the option in years.

In this case,

$$\begin{aligned} P &= C - S \times e^{-r_f \times T} + K \times e^{-r_d \times T} \\ &= 1.35 - 1.73 \times e^{-0.07 \times 1} + 1.60 \times e^{-0.16 \times 1} \\ &= 1.35 - 1.73 \times 0.9323938 + 1.60 \times 0.8521 \\ &= 1.098 \end{aligned}$$