The Strength of the US Dollar

[sachi.mk2]

Rough estimate over the past 5 years:

Euro to USD: was 1.25, now 0.97
GDP to USD: was 1.45, now 1.10
AUD to USD: was 0.8, now 0.63
SEK to USD: was 0.122, now 0.087

The above are some of the most common domestic currencies EU players have to convert from, but it is a similar 5 year decrease in PED purchasing power for most currencies.

Therefore, the game costs a good deal more to play than it did for the vast majority of players. Question is, should Mindark do anything about it, and what could they do ?

 

[Art Jennifer]

Interesting question.

In my opinion, No MA shouldn’t do anything about it..This is a game and playing is optional.

MA could make it cheaper to play, but it would damage item prices and the macro users, sorry I mean ubers will kick up a fuss.

Cheaper to play options
-no mayhem - a new shared loot events to cut costs, but maintain players play time
-reduce daily token vendor costs
-higher sharpnel to UU conversion
-more guns in loot temporarily to get people cycling.

 

[DrGirlfriend]

Just add more 10hp mobs with good loot like the vixens. All the puny mobs on caly have no markup.

 

[Hego Damask]

Rough estimate over the past 5 years:

Euro to USD: was 1.25, now 0.97
GDP to USD: was 1.45, now 1.10
AUD to USD: was 0.8, now 0.63
SEK to USD: was 0.122, now 0.087

The above are some of the most common domestic currencies EU players have to convert from, but it is a similar 5 year decrease in PED purchasing power for most currencies.

Therefore, the game costs a good deal more to play than it did for the vast majority of players. Question is, should Mindark do anything about it, and what could they do?

If they do anything about it, should they do anything about the PED that is already ingame which were deposited 1-2-many years ago, that now worth more compared to those local currencies when withdrawed?
It may can be an issue for MA, based on how much of our deposited money is kept in USD and how much they convert to SEK i guess.

 

[Legends]

There are quite a few Canadians playing, you forgot that one:

CAD to USD: 0.78 to 0.73

So that one has held up pretty good actually.

The pain that the Federal Reserve is inflicting on the world right now is temporary, before long, they will have to reverse course; there is just too much debt right now in the world. To make a straightforward comparisson, in 2008 the debt level was right around global GDP, now it's more than 3 times that. This means that the world economy as a whole is much more sensitive to rate hikes. If they don't reverse course within the next couple of months, they will break the economy.

There is already a consensus building around this notion from opinion leaders such as Minerd, Summers, El-Erian and others.

November 3rd we will probably see a slowing in rate hikes, maybe a 0.25 or 0.50 increase (instead of the anticipated 0.75 hike), and the prediction is that will be the last one for a while, and maybe even a reversal (lowering of rates) as soon as early next year.

But to the OP, it has been repeated in the media all year that the USD is the "cleanest shirt" and so, I think it's a no-brainer when it comes to choosing a currency to peg the PED to.

 

[Waka]

Kind of nice for us US players currently.