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

Its complicated, but long story short, $100 USD is “real money” in the US. Everywhere else, its like a bartered good, which means its subject to market forces, and some merchants may not even accept it.