[ELI5] Aren’t currency conversions easily abusable?

710 views

Can’t just about anyone from US save up some cash and travel to a country with very inflated currency to become rich and buy whatever they want?

In: 2

10 Answers

Anonymous 0 Comments

Professional curency traders do this for a living, or at least supplement other investment income with it. Transaction fees will eat up profit for most people most of the time. You can make money though

You are viewing 1 out of 10 answers, click here to view all answers.