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dilithium exchange rate disparity
leutian
Member Posts: 0 Arc User
just out of curiosity why is there such a disparity(difference) between the exchange rates? ie if im buying zen for instance i pay 154 dil per zen for example, but if i am selling zen i only get 150 dil per zen.
i ask this because one would think the lowest dil to zen price would match the lowest zen to dil price .
i ask this because one would think the lowest dil to zen price would match the lowest zen to dil price .
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"With the first link, the chain is forged. The first speech censured, the first thought forbidden, the first freedom denied, chains us all irrevocably."
i get how the exchange works, however if zen is selling for 154 Dil per as the lowest offer for example, then if i'm selling Zen for Dilithium i should theoreticly get 154 dil out of it per zen, this isnt the case, the dil to zen lowest offer is usually 2 to 4 higher than the zen to dil lowest offer, meaning this,
i spend 154 dil for one zen but if i want to sell that same zen back i end up getting less than what i spent, thus i lose dilithium in the transaction because of the disparity between the two exchanges.
My conundrum is this, unless they are two completely seperate markets ie instances and not tied together in any way, the offers between both exchanges should remain constant ie the same across the board. so i'm trying to figure out IF they're seperate or if tied together, why the difference.
Buy Zen 156-157-158-159-160
Sell Zen 155-154-153-152-151
They are related...go to your Sell Zen window and note the quantities for the 151. Go to your Buy Zen window and put up 1 zen at 151. It wont sell immediately, instead it will go to your "Outstanding Offers" window. Now quickly go to the Sell Zen window and you will see the available quantity of that 151 increase by 1. Go back to the Buy Zen window and make another offer of 1 zen @ 151 dil and look back at the Sell Zen and that 151 listing will go up another 1 in the available quantity.
You can do the reverse too...go to Buy Zen and look at the quantities of the 160 listings. Now go to Sell Zen and make an offer of 1 zen at 160. Go back to the Buy Zen window and you will see that for the 160 offers the quantity/pool will increase by 1. Go back to Sell Zen and add another offer of 1 zen at 159, and if you look at the Buy Zen window the quantities available for 159 will change by 1.
When you make an offer that wont immediately buy/sell it gets added to your Outstanding Offers window and your offer IS reflected in the other window as demonstrated above.
EDIT Ohh and one other interesting thing is this. If you were to go to Buy Zen and put in 1 zen @ 162 it will buy the best offer which in my example above is 156. So you actually get 1 zen and 6 dil back.
Technically, you are not losing anything, unless you sell for less that you buy for.
In other words, if you buy zen with dilithium for 154 dil per 1 zen, you can re-sell it for the same if you want but, it might not sell right away.
This is where you need get extremely familiar with the market and, how the buying and selling listings work.
In the buy zen section, all the values show how much zen at a given dilithium cost, is available to be purchased instantly.
For the sell zen section, all values show how much zen at a given dilithium cost, is available to be purchased by buyer's instantly.
Don't get me wrong, as there are offers out there that are not depicted by the market but, this is only because it shows the current top 5 market values only.
The price is always determined by the buyer/seller, with a limit of 500 dilithium per 1 zen max and, a minimum of 25 dilithium per 1 zen for any transactions.
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Yah i just looked at the exchange today and the values are all different, but it is still a 10 digit spread, 5 on one side 5 on the other. Buy Zen is 158-159-160-161-162 and Sell Zen is 157-156-155-154-153. If you put up an offer that is out of that range it autoadjusts it for you so that it is the "best deal" that falls within that 10 digit spread and leftover dil gets refunded back to you.
The buy and sell prices are never the same. In the real world Buying anything is more expensive that when you sell it. A number of factors impact this (market conditions, transaction profit for the vendor, etc) however the volume being traded is the primary driver.
The greater the demand for buying zen, the lower the difference etc. The greater the sale of zen, the higher the difference. Or in reverse (I've never looked at it that closely).
Ingame the difference is a few percentage points (1-3%)
In the real world, this can be as high as 40%. I experienced this first hand with the Philippine peso to CDN exchange. Coming back the peso was worth half of what I paid for it.
So the ingame market isn't that bad at all