Simple question, but I have no experience to know the answer.
I am an American citizen and receiving a retirement check from an American firm I worked for.
Scenario: I move to Argentina for a few years. While there, inflation moves price robustly. I pay for goods and services like the locals do at the same price they do. But do I become generally unaffected because the currency rate of exchange between the U.S. dollar and the Argentinian currency changes ? My question is, WILL there be daily changes in the currency exchange rate ?
This indeed may become a real world scenario for me and is an important question.
Thank you in advance.
I am an American citizen and receiving a retirement check from an American firm I worked for.
Scenario: I move to Argentina for a few years. While there, inflation moves price robustly. I pay for goods and services like the locals do at the same price they do. But do I become generally unaffected because the currency rate of exchange between the U.S. dollar and the Argentinian currency changes ? My question is, WILL there be daily changes in the currency exchange rate ?
This indeed may become a real world scenario for me and is an important question.
Thank you in advance.