Well if the exchange rate between gems and gold are independent of each other, they could stabilize at prices such that it’s never profitable. They’d have to swing past each other in order to profit and I’m not sure that will necessarily happen :|
They have a moving average indicator in the currency exchange window. But a website that gathered this information and displayed it in a variety of formats would be cool. You’d probably have to do it manually though: I doubt that ArenaNet has an API that exposes the gem exchange rate.
Are the exchange rates of gold → gems and gems → gold independent of each other?
Oy, nobody has anything to say?
So, I’ve noticed that the exchange rate between gold and gems changes. This means that one could profit by exchanging at the right times.
Is anybody planning on using the gem exchange in this way? What factors affect gem-gold exchange rates?
The Foreign Exchange Market is an international currency exchange. Because exchange rates between currencies fluctuate, one can profit off of exchanging currencies at the correct times.
For example, in July of 2008, the value of the Euro relative to the dollar peaked at $1.60. Now, the Euro is only worth $1.20. That means that, if somebody were to have exchanged Euros to dollars in 2008, he could exchange the dollars back for many more Euros, thus having made a profit.
(edited by avi.3092)
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