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

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

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Anonymous 0 Comments

In addition to what others have said- it’s also interesting to think about how long it takes to earn that $100, as opposed to those 102 francs.

The federal minimum wage in the US is $7.25 so it might take you over 13 hours to make $100. The minimum wage in Switzerland is 20 francs/hour, so it only takes 5 hours and a few minutes at the cuckoo clock factory to make those 102 francs.

Even if the exchange rate is $100=102 francs, that money means something different to people in both countries.

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