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Weakening L$

Barton Dowd
Registered User
Join date: 28 Jan 2007
Posts: 32
08-20-2007 12:31
I note, the current exhange rate is $286L to US$1

hmmmmmm (NG)

Edit to $286 (not $186)
Meade Paravane
Hedgehog
Join date: 21 Nov 2006
Posts: 4,845
08-20-2007 12:37
On the Buy L$ page here on this site, US$1 will get you L$186 but US$10 will get you L$2580 and US$100 will get you L$26520.

I don't follow this stuff very much - hedgehogs lead a simple existance - but this sounds about right to me. Is this a big change from the norm?
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Barton Dowd
Registered User
Join date: 28 Jan 2007
Posts: 32
08-20-2007 13:09
From: Meade Paravane
On the Buy L$ page here on this site, US$1 will get you L$186 but US$10 will get you L$2580 and US$100 will get you L$26520.

I don't follow this stuff very much - hedgehogs lead a simple existance - but this sounds about right to me. Is this a big change from the norm?



In the past it was pretty consitant, and the $1 test would come up say $266, but perhaps your right.
Kitty Barnett
Registered User
Join date: 10 May 2006
Posts: 5,586
08-20-2007 13:16
If you want to know the current exchange rate, use: https://secondlife.com/currency/buy.php

What you see in the in-world "Buy L$" dialog will never be the proper exchange rate (except for large amounts) because it already applies the 30 cent charge per LindeX buy.

$1 - 30 cents = 70 cent

L$ 266 / $1 means you get L$186 for 70 cents.
Meade Paravane
Hedgehog
Join date: 21 Nov 2006
Posts: 4,845
08-20-2007 13:30
For a minute, I was gonna whine that the exchange rates are not at that page.. Then I discovered this: http://www.secondlife.com/account/currency_settings.php .

If you have never gone to that page and set the interface to "Advanced" (or if you've explicitly set it to "Basic";) the Buy L$ page won't display the exchange rates.
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Gordon Wendt
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Join date: 10 May 2006
Posts: 1,024
08-20-2007 14:27
Back in the old days 288/1 would have been cheap, that was back when the standard exchange rate was 330-340/1
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Draco18s Majestic
Registered User
Join date: 19 Sep 2005
Posts: 2,744
08-20-2007 17:20
From: Barton Dowd
I note, the current exhange rate is $186L to US$1

hmmmmmm (NG)


Um...I'm sorry, but L$186 : US$1 is a STRONG Linden.
Tegg Bode
FrootLoop Roo Overlord
Join date: 12 Jan 2007
Posts: 5,707
08-21-2007 00:31
From: Barton Dowd
I note, the current exhange rate is $286L to US$1
hmmmmmm (NG)
Edit to $286 (not $186)
Whhooo Hoo it's getting stronger used to only get $260L for a $1US :)
Can buy more stuff inworld now, Excellent news :)
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Draco18s Majestic
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Join date: 19 Sep 2005
Posts: 2,744
08-22-2007 09:13
From: Tegg Bode
Whhooo Hoo it's getting stronger used to only get $260L for a $1US :)
Can buy more stuff inworld now, Excellent news :)


*Facepalms*
You don't understand currency echange, do you?
More L$ for the same amount of US$ means that each L$1 is worth LESS.
Which means that people exchanging money in the other direction from sales of inworld items will up their prices.

That's a WEAKER Linden-Dollar.
Meade Paravane
Hedgehog
Join date: 21 Nov 2006
Posts: 4,845
08-22-2007 09:34
From: Draco18s Majestic
*Facepalms*
You don't understand currency echange, do you?
More L$ for the same amount of US$ means that each L$1 is worth LESS.
Which means that people exchanging money in the other direction from sales of inworld items will up their prices.

That's a WEAKER Linden-Dollar.

But people in-world don't raise prices based on the exchange rate... What costs L$1000 today will likely cost L$1000 next week, regardless of how much US$ it takes to get L$1000.
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Tegg Bode
FrootLoop Roo Overlord
Join date: 12 Jan 2007
Posts: 5,707
08-23-2007 01:27
From: Draco18s Majestic
*Facepalms*
You don't understand currency echange, do you?
More L$ for the same amount of US$ means that each L$1 is worth LESS.
Which means that people exchanging money in the other direction from sales of inworld items will up their prices.

That's a WEAKER Linden-Dollar.


Cool, I used to be able to buy 260 $1 items, now I can buy 286 for $1US sound better to me :)
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Wiseguy Capra
Resident Wenzel Hopper
Join date: 21 Jan 2007
Posts: 160
08-23-2007 02:23
L$204.62 / US$1.00 And this is low.
Usually buy L$ 266 / US$ 1.00