[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

Generally, if the 1 USD is worth a lot if currency X, country X isn’t doing too hot and it’ll cost a boatload of currency X to buy luxury goods.

However, this can be used in limited circumstances. Retirees often choose these kinds of countries, so that their limited funds can go much farther. But they’re more concerned about living expenses, not luxury goods.

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