[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

That is how it works currencies values always go up or down relative to each other’s economies. They would still be making money from tourism if they did that. If they moved there they would make money from you living there daily it’s not free they are converting your say usd values into say phillipine peso which has hovered around fifty to a dollar for a while.

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