Dithnir.4593 Posted September 9, 2021 Share Posted September 9, 2021 Been back in the game about a year, and just seen the general 100 gold conversion go to over 500 gems. It used to be a lot lower. It's a strange thing, how it works, because I'm increasingly reluctant to buy gems to convert to gold unless there's utility items sales that drive it down a bit, so over time, I'm less and less inclined to give Arenanet money 🙂 Do they reset it at all or does my money (buying gems) just get me less and less value in game? Link to comment Share on other sites More sharing options...
Mungo Zen.9364 Posted September 9, 2021 Share Posted September 9, 2021 (edited) From the wiki: Exchange rates are determined by supply and demand from players. Since supply and demand affects the rate, the ratio can shift rapidly depending on market conditions, especially when the Gem Store adds new items. https://wiki.guildwars2.com/wiki/Currency_exchange Basically, as Gold is converted to gems or Gems converted to Gold the exchange rate fluctuates  at this point it has been relatively stable for the past year or so  if you check out the currency exchange history on a site like gw2spidy you can see the fluctuations over time. Edited September 9, 2021 by Mungo Zen.9364 5 Link to comment Share on other sites More sharing options...
Schimmi.6872 Posted September 9, 2021 Share Posted September 9, 2021 The exchange rate is determined by supply and demand, like most real currency exchange rates. So, if less gems enter the pool, because less people are selling gems for gold, or/and more people buy gems for gold, the price will rise. 2 Link to comment Share on other sites More sharing options...
The Fear.3865 Posted September 9, 2021 Share Posted September 9, 2021 (edited) It's a balance between people buying gems with gold and people buying gold with gems. (supply/demand) Since eod ultimate preorder gives access to 4000 gems and there is nothing really useful to buy on the cash shop, some people probably exchange gems to gold and gems value drops massively. Many people who usually buy gems with gold don't have to do it because of the eod gems, and there is no discount on features like character slot, shared inventory slot or Black lion keys (which are the ones with the more consequences on the demand), no need for them to buy gems with gold basically. Edited September 9, 2021 by The Fear.3865 2 1 Link to comment Share on other sites More sharing options...
Linken.6345 Posted September 9, 2021 Share Posted September 9, 2021 We are in the last week of sales atm so the gold to gem should be in a all time high. Link to comment Share on other sites More sharing options...
Inculpatus cedo.9234 Posted September 9, 2021 Share Posted September 9, 2021 2 hours ago, The Fear.3865 said: It's a balance between people buying gems with gold and people buying gold with gems. (supply/demand) Since eod ultimate preorder gives access to 4000 gems and there is nothing really useful to buy on the cash shop, some people probably exchange gems to gold and gems value drops massively. Many people who usually buy gems with gold don't have to do it because of the eod gems, and there is no discount on features like character slot, shared inventory slot or Black lion keys (which are the ones with the more consequences on the demand), no need for them to buy gems with gold basically. Black Lion Chest Keys were offered at the end of August at a discount. Link to comment Share on other sites More sharing options...
The Fear.3865 Posted September 10, 2021 Share Posted September 10, 2021 For one day. 2 Link to comment Share on other sites More sharing options...
Inculpatus cedo.9234 Posted September 10, 2021 Share Posted September 10, 2021 Out of the 25 times they have been offered at discount, 13 times have been for only one day.  Three of those times being 'Anniversary/August Sales' and 9 of those times being 'March Sales'. Your point? 1 Link to comment Share on other sites More sharing options...
Dithnir.4593 Posted September 10, 2021 Author Share Posted September 10, 2021 Thank you all. I think my point is that it's consistently rising because there's less and less reason to buy gems with gold? Either way, even with the recent utility item sales that drove it down to around 413 or so, I don't think it went under 400, but it has gone a lot lower than that during previous 'useful' sales periods. Anyway, while it does work as a self balancing system, it does seem to depend on there being enough reason to buy gems with gold. While there isn't and the price rises on average, players will be disinclined to spend as frequently with money with Arenanet. 1 2 Link to comment Share on other sites More sharing options...
The Fear.3865 Posted September 10, 2021 Share Posted September 10, 2021 19 minutes ago, Inculpatus cedo.9234 said: Out of the 25 times they have been offered at discount, 13 times have been for only one day.  Three of those times being 'Anniversary/August Sales' and 9 of those times being 'March Sales'. Your point? One day of Black lion key discount is not enough to prevent the drop value of gems, which was the question asked by OP. I still dont get what brings yours to the topic. 2 Link to comment Share on other sites More sharing options...
The Fear.3865 Posted September 10, 2021 Share Posted September 10, 2021 4 minutes ago, Dithnir.4593 said: Thank you all. I think my point is that it's consistently rising because there's less and less reason to buy gems with gold? Exactly, if i can give you an advise : don't exchange your gems to golds for now, gems will rise again soon, when eod ultimate buyers will use all their 4k gems and anet start to propose features attractive to rich players in game. And if you can buy gems with gold, do it (103g for 400 gems yesterday, last time we saw that was years ago) Link to comment Share on other sites More sharing options...
Dithnir.4593 Posted September 10, 2021 Author Share Posted September 10, 2021 15 minutes ago, The Fear.3865 said: Exactly, if i can give you an advise : don't exchange your gems to golds for now, gems will rise again soon, when eod ultimate buyers will use all their 4k gems and anet start to propose features attractive to rich players in game. And if you can buy gems with gold, do it (103g for 400 gems yesterday, last time we saw that was years ago) Sadly it's gold I need. I don't play often enough to want to spend the time I do have farming minmax for gold, so I rely on my salary to bump that from time to time 🙂 Link to comment Share on other sites More sharing options...
Linken.6345 Posted September 10, 2021 Share Posted September 10, 2021 8 hours ago, Dithnir.4593 said: Sadly it's gold I need. I don't play often enough to want to spend the time I do have farming minmax for gold, so I rely on my salary to bump that from time to time 🙂 Oh well in that case it seem alot of people have turned their 4k gems into gold since usualy its the other way around. They want the gems to buy stuff from gemstore but the sale disapointed ppl and it turned the otherway around. Link to comment Share on other sites More sharing options...
Sylvyn.4750 Posted September 10, 2021 Share Posted September 10, 2021 47 minutes ago, Linken.6345 said: Oh well in that case it seem alot of people have turned their 4k gems into gold since usualy its the other way around. They want the gems to buy stuff from gemstore but the sale disapointed ppl and it turned the otherway around. Yep, fewer utility items went on sale this time around...none of the infinite salvage tools were in the sale this year, for example, nor any of the Expedition/Hunter Contracts or any of the various Passes, which is odd since they didn't have a Pass bundled with the EoD packages. Link to comment Share on other sites More sharing options...
Astralporing.1957 Posted September 10, 2021 Share Posted September 10, 2021 18 hours ago, Linken.6345 said: We are in the last week of sales atm so the gold to gem should be in a all time high. Well, there wasn't really anything interesting on offer (at least for me), so... 1 Link to comment Share on other sites More sharing options...
Klowdy.3126 Posted September 10, 2021 Share Posted September 10, 2021 See, I like this, because I convert gems to gold, so it's been slowly getting better for me for a few weeks. About 6 months ago, though, it cost about 60 more gold for 400 gems. It will go back down eventually. Link to comment Share on other sites More sharing options...
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