how is one currency more powerful than another? If you exchange $100 to 102 francs don’t you still have $100 but in francs?

Question

how is one currency more powerful than another? If you exchange $100 to 102 francs don’t you still have $100 but in francs?

In: 53

Answer 1

You’re ignoring the fact that the same product in different countries can cost different amounts of money.

A PlayStation 5 is $500 in Canada whereas it’s only $400 in the US. If the Canadian dollar was on par with the USD then I would be way better off ordering a PS5 from the states because it would effectively be 20% cheaper.