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It is eleven hundredths of a Euro.
Three hundred eleven and five tenths Euros.
EUR 5,500,000
This is where reciprocals come in handy. You can think of it as 1.48 dollars per euro, which can be written 1.48 dollar/euro. To find out how many euros there are per dollar, write the reciprocal: 1 euro/1.48 dollar. But that ratio doesn't have a one on the bottom; it has a 1.48, so it's not very useful. Evaluate 1/1.48. In other words, divide 1 by 1.48, which yields 0.675675.... So, there are 0.68 euro per dollar.
Five... you would write it as 1,200,000