Has anyone facing the struggle to exchanged the weak currencies to USD?

[3333Shawn3333]

I just bought linden yesterday, but I have thought about the currency exchange. Every time I decided to buy lindens, and I am always stressing because of my country currency is weak. 

For example, $22.75 to MYR 106.94 = L$4800 

I wonder those people who living in the country with weak currency. Do you guys care or not?

 

[Robberinthemuseum]

The Korean won is very weak now. I usually buy 10,000L a month, so I can see it on my card going up slowly. It's now at 66,000won a month for me. 

[3333Shawn3333]

1 minute ago, Robberinthemuseum said:

The Korean won is very weak now. I usually buy 10,000L a month, so I can see it on my card going up slowly. It's now at 66,000won a month for me. 

Wow 10,000L is a lot for one time purchasing. To me, I have to earn money and then buy 3000L in two months. It kinda sucks to living in the weak currency country, tho

[Robberinthemuseum]

1 hour ago, 3333Shawn3333 said:

Wow 10,000L is a lot for one time purchasing. To me, I have to earn money and then buy 3000L in two months. It kinda sucks to living in the weak currency country, tho

Well, on the bright side, if you dj and host in sl, you may be able to have a nice little side gig to supplement you in rl. A friend of mine makes 25,000L a month djing.

[Wulfie Reanimator]

6 hours ago, 3333Shawn3333 said:

Wow 10,000L is a lot for one time purchasing. To me, I have to earn money and then buy 3000L in two months. It kinda sucks to living in the weak currency country, tho

For what it's worth, buying in large quantities is cheaper. Every time you buy, you have to pay a flat fee regardless of how little you buy.

Instead of buying 3000L after 2 months, you could buy 6000L after 4 months and save the fee. Sounds like it could make a significant difference for weak currency.

[Alwin Alcott]

50 minutes ago, Wulfie Reanimator said:

For what it's worth, buying in large quantities is cheaper. Every time you buy, you have to pay a flat fee regardless of how little you buy.

Instead of buying 3000L after 2 months, you could buy 6000L after 4 months and save the fee. Sounds like it could make a significant difference for weak currency.

is that right? as far i know these are the current fees for buying:

 10.00% transaction fee with a minimum of US$ 1.49 and a maximum of US$ 14.99 per transaction.

Edited November 27, 2023 by Alwin Alcott

[Wulfie Reanimator]

2 hours ago, Alwin Alcott said:

is that right? as far i know these are the current fees for buying:

 10.00% transaction fee with a minimum of US$ 1.49 and a maximum of US$ 14.99 per transaction.

Oh yeah, you're right. They replaced the flat fee with a sliding scale in 2021. That changes things a little bit, but buying more is still cheaper than buying less.. or I should say more economically efficient.

If you buy 3700L right now, your fee is $1.50 (10% of total cost)
If you buy 2000L right now, your fee is $1.49 (16% of total cost)

Although the second option costs less money overall, you're also paying for nothing. To save money in the long run, you'll always want to buy at least $15 USD's worth of lindens so you match that minimum fee, even if that means waiting longer between purchases.

Edited November 27, 2023 by Wulfie Reanimator

[Vanity Fair]

Canadians face this hurdle pretty much all the time. Right now the Canadian dollar is worth (double checks) 73 cents US, so yeah, it hurts. I can't even remember the last time our dollar was at par with the U.S. dollar.