How exactly does currency from another country work?

Question

Let’s say their dollar=32.50 compared to our U.S. dollar.
That doesn’t mean a dollar literally equals 32 dollars and .50 cents there right?
How exactly does it work?
I want to fully understand it before I go out there and mess everything up.
How do I know how much to pay someone let’s say if they complete a job for me or how do I know exactly what a dollar equals there.

-thank you

In: Other

Answer 1

That’s actually exactly what it means. It also means that something that would be priced at $1 in a store here will have a price tag of roughly $32.50 there. Be prepared for sticker shock when buying a pack of gum.