SL Currency each time had less value...

My latests exchanges was very bad because the rate is too low

Is the SL economy in trouble ?

Sounds like you're buying at the market rate instead of using a limit order. If you used limit orders, you'd see that the prevailing sell rate hasn't really changed for quite some time. Only when people are dumping L to get their tier money ready do you get a better buying rate.

I am not buying lindens...I just sell my lindens.

And the rate is each time more less

If there is one thing I know about, its Lindex rates, and its been flat as a pancake for the past year.

https://secure-web5.secondlife.com/my/lindex/market.php

Buying or selling, do a limit sell and you will realize that the prevailing rate hasn't budged in a long time.

The dependable rate has been 258 for most of 2009 (at least). That's using Limit Sells.
'dependable' = shift them in a day or two.

259, Sling. Selling at 258 can take some time.

The OP reports a steady worsening of the exchange rate, presumably for Market sells. (As all already mentioned, Limit orders have been flat for ages.) So why should at-market sale rates fluctuate?

I've never really known how selling at Market works, and just assumed it filled the best outstanding Buy order... but while that's a crappy rate, why wouldn't it be a *uniformly* crappy rate?

It's never really flat because there are always people who want a quicker turn-around, so they offer a little more per US$. Sometimes there are several levels of that and it's possible that the OP saw successive levels of that, each by chance being lower than the previous one that he saw.

Yup! I mis-spoke
259 is pretty solid. I only sell once a month.
Looking back, I've tried 259 a few times but always had to change to 258 as tier date approached.

The problem for me is that when I am cashing out, I need the funds as soon as possible thereafter. I don't need to add another 1-to-infinity days to that unpredictable period before I actually get my funds.

I'm already having to deal with a completely unreliable and unpredictable delay of 5 to 10 business days, apparently waiting for LL's solitary, underpaid and untrained staffer to get off their fat tail, set down their coffee and donut for a couple of minutes, and bother to process my transfer of funds from my USD balance to my PayPal account. Apalling, that they are so incompetent at processing PayPal cash-outs, when virtually any other merchant on the planet manages to process payments to a Verified PayPal account in 24 hours or less.

For quite a while, as recently as a month ago, I could cash out L$14K, and consistently get the same value on market sell, within a few pennies. The last time I cashed out, I had to add L$500 more just to get the same value back. Not a lot worse, but definitely a worse rate.

Just out of curiosity, what's the dependable rate for buying $L? I wonder what the spread is.

I'm not sure *why* I wonder, since I've never bought or sold, and have no plans to.

Is the OP selling on Lindex or XStreet?

Just did a quick comparison. Market sell on both XStreet and Lindex, for L$14500. XSTreet-SL offered $49 USD and change, while Lindex offered $51 USD and change.

I thought people have been saying XStreet-SL was a better place for selling L$?

The thing is, right now the LindeX has L$56 million in open buy orders at 269. Maybe sometimes there's a few hundred thousand at 268 for a while, but either I don't understand how at-market sales works (which is why I ask), or else sellers should have gotten one of those two rates for a long, long time. Right? Or does at-market sales pull from some pool other than the open Limit buy orders? ... Or...???

Ceera, are those offers net of the 3.5% LindeX commission? Does Xstreet have a similar commission? (I'm trying not to go to Xstreet ever again.)

We can consistently sell on a limited sell basis for $260L--and the transaction is nearly immediate. We can get $259L or $258L if we're willing to wait. Here's the question I have ALWAYS wondered--why is it so much more expensive to cash out via XStreet? If SL OWNS XStreet, shouldn't they be the same? We love cashing out through Xstreet because the money shows up right away in PayPal. Cashing out through SL's page, however, means a 3-5 day wait for the funds. I never understood that part of it either.

It's more expensive to cash out through XSL because the people buying L$ on XSL aren't offering as many US$ for the L$.

Hey ! Use the XLStreet !!! The payment goes to your PP account in seconds !

In fact I just use SLX...no Lindex...SLX can delivery the money in seconds.Btw..Im using SLX before LL buy the SLX...and I never used the Lindex Again.But I though that both servies was unified after the acquisition and after the union of web sites.No ?

Because..my complain is about the SLX exchange service.

BTW...Sell rate few weeks ago was L$ 275.No its 269 or something like this.

For almost 2009 was 275.Now its 269

Sounds like the float between SLX and Lindex is going away.

Why wouldn't this be a good thing, if you're selling?

But actually, Xstreet is currently quoting 285.2/288.3 bid/asked ... and when I go to and look at 6 months of weekly data, it looks as if the exchange rate is trending dramatically upward in just the past few weeks, which would be bad for selling.

The LindeX shows nothing remotely like that, but rather very flat: https://secure-web2.secondlife.com/my/lindex/market.php for "90 days" or "all". So apparently the rate on the LindeX is now substantially better (for selling L$s) than on Xstreet.

So... maybe everybody is cashing out their Xstreet balances before deleting their items, in preparation for those new listing and transaction fees, pushing up the exchange rate to find buyers there? That doesn't make much sense, though: it would be an arbitrage opportunity, if the spread ever got above... what? 3.5%, maybe?

It was 259 for most of 2009. LL manoevered it down to that. What you probably saw was higher rates that some people sell at to get a quick sale. A lot of the time there are one or two or more sells set at a higher rate. But, as Qie said, from your point of view, the lower it is the better - you get more US$ for your L$.

That's been what's bugged me about using the Lindex vs using the XStreet one. Why can't LL run a Paypal masspay system like XStreet does? Why do they need to be so anal retentive about paying out?

A Limit Sell at 259 on Lindex just filled for me. It took 40 hours.