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Exchange rate doesn’t mean anything if the prices adjust for it. Have they not had any price changes following the devaluation of their currency?
by culopatin 2y ago
Exchange rate doesn’t mean anything if the prices adjust for it. Have they not had any price changes following the devaluation of their currency?
- haiku2077 2y agoAnecdotally I was in country not too long ago and the exchange rate meant fantastic dining was around the same cost as some fast food in the US.
- culopatin 2y agoThat’s not the exchange rate, but the relative prices. Exchange rate in Argentina right now is 1000 pesos to 1 usd. In 2021 it was between 200-300 or so to 1, and it’s almost twice as expensive today as it was in 2021.