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Pokmon Go. Crystal Gomez, who lives in Mexico City (as noted in the Global Finance in Practice 1.2 in the chapter), bought 100 Pokcoins for
Pokmon Go. Crystal Gomez, who lives in Mexico City (as noted in the Global Finance in Practice 1.2 in the chapter), bought 100 Pokcoins for 17.50 Mexican pesos (Ps or MXN). Nintendo of Japan, one of the owners of Pokmon Go, will need to convert the Mexican pesos (Ps or MXN) into its home currency, the Japanese yen, in order to record the financial proceeds. The current spot exchange rate between the Mexican peso and the U.S. dollar is MXN 19.00 USD 1.00, and the current spot rate between the dollar and the Japanese yen ( or JPY) is JPY 100.25 = USD 1.00. What are the yen proceeds of Crystal Gomez's purchase? What are the proceeds in U.S. dollars? The proceeds in U.S. dollars are USD (Round to four decimal places).
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