Does my account location setting affect my reach?

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Hello, I'm directing this question to all the Pinterest experts and individuals who could potentially provide me with an answer. My query is as follows: I've recently set up a Pinterest business account with my location set as Bulgaria. I'm attempting to engage in affiliate marketing from this location, but I'm beginning to wonder if my geographical setting has an impact on my limited audience reach and less-than-desirable outcomes. Consequently, my overarching question is this: does the location setting on my account affect the reach of my content and the audience it's presented to? Thank you in advance for any insights, and I hope my question was clear! 
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