Hidden costs in gold/diamond exchange?

Hidden costs in gold/diamond exchange?

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Posted by: Lilius.9850

Lilius.9850

Q:

Does exchanging gold or diamonds or vice versa have a hidden cost?

Like how for the black lion market, there is a selling fee + “hidden fee”

Is that the same for gold/diamond conversion?

Hidden costs in gold/diamond exchange?

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Posted by: Healix.5819

Healix.5819

A:

Kind of. Trading from one to the other and then back will not get you what you started with. It’s not exactly a “hidden fee” it’s just that the exchange rates are different.

For example, 100 gems = 2g 72s 27c, but trading that back into gems results in 71 gems.

Hidden costs in gold/diamond exchange?

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Posted by: luckyguse.2674

luckyguse.2674

That’s a great question OP!
Why is there an exchange differance? If I exchange dollars to euros then back again, if there’s no fee, I should get the exact amount back I started with.

Hidden costs in gold/diamond exchange?

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Posted by: RedStar.4218

RedStar.4218

That’s a great question OP!
Why is there an exchange differance? If I exchange dollars to euros then back again, if there’s no fee, I should get the exact amount back I started with.

Not the best example because you the exchange rate between $ and € isn’t equal.

(edited by RedStar.4218)

Hidden costs in gold/diamond exchange?

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Posted by: Smooth Penguin.5294

Smooth Penguin.5294

That’s a great question OP!
Why is there an exchange differance? If I exchange dollars to euros then back again, if there’s no fee, I should get the exact amount back I started with.

No, there’s a buffer between exchange rates to prevent/discourage currency flipping.

In GW2, Trading Post plays you!

Hidden costs in gold/diamond exchange?

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Posted by: luckyguse.2674

luckyguse.2674

No, there’s a buffer between exchange rates to prevent/discourage currency flipping.

So Anet artificially lowers the gem to gold rate to prevent flipping but they claim they don’t manipulate the market…

Interesting.

Hidden costs in gold/diamond exchange?

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Posted by: Smooth Penguin.5294

Smooth Penguin.5294

No, there’s a buffer between exchange rates to prevent/discourage currency flipping.

So Anet artificially lowers the gem to gold rate to prevent flipping but they claim they don’t manipulate the market…

Interesting.

On the contrary, it’s a mechanism that prevents manipulation. Anet was smart to do this, because experienced investors like myself would have had a field day on playing the exchange.

In GW2, Trading Post plays you!