[ELI5] Aren’t currency conversions easily abusable?

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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?

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Anonymous 0 Comments

Yes, Yes, no.

Yes, you can save up US dollars.

Yes, you can go to a country with a badly inflated currency and buy local currency.

No, you cannot buy whatever you want. Frankly, if your $100 bought
10B rubles, you can’t buy as much with 10B rubles as you can with $100. It’s not like a $900 iPhone only costs 900 rubles, that’s not how prices work.

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