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
No, the money still has the same buying power at the time you exchange it which is why there is an exchange rate. You can hold the currency over time and hope it’s value rises relative to other currency kind of like a stock market but it’s not instant and many things impact it’s value.
For example, if 1USD is worth 100 Rubles, it means a Ruble is worth one penny. So if you wanted to buy a PS5 you would need $500USD or 50,000 Rubles
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