Suppose you have22,000in U.S. dollars (USD) and want to trade currencies. Your financial analyst suggests buying Mexican pesos (MXN) since they're expected to strengthen. The initial exchange rate wasMXN19.70forUSD1. Assume that you make a transaction, and in a month, the exchange rate changes toMXN19.30.

Calculate your profit or loss if you sellMXNforUSDa month after the purchase. Write your answer as a positive number if you receive a profit or as a negative number if you receive a loss. If necessary, round any intermediate calculations and your final answer to the nearest whole number.