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

Look up the “Big Mac Index”.

what you can buy with the same amount of money is different.

$5 US may buy you one big mac in the US. but it might buy you 1.7 Big Macs in Peru.