레이블이 Xe Exchange Currency Converter인 게시물을 표시합니다. 모든 게시물 표시
레이블이 Xe Exchange Currency Converter인 게시물을 표시합니다. 모든 게시물 표시

2013년 11월 26일 화요일

About 'x rate currency'|Currency Hedging







About 'x rate currency'|Currency Hedging








With               the               buzz               regarding               making               money               in               the               virtual               world               of               Second               Life®,               one               is               inclined               to               wonder               how               much               the               Second               Life               in               game               currency,               the               lindenTM               dollar,               is               actually               worth.

In               theory               lindens               have               no               intrinsic               value.

In               reality               a               few               Second               Life               users               are               able               to               live               off               their               Second               Life               earnings               and               many               others               are               able               to               generate               a               second               income               from               their               activities               in               Second               Life               and               the               subsequent               exchange               of               linden               dollars               to               cash.

There               are               many               ways               a               Second               Life               user               can               create               income.

A               user               can               work               online,               deal               with               virtual               real               estate,               run               a               shop               and               sell               goods,               or               perhaps               most               commonly               and               controversially,               "camp",               or               "sit"               in               a               place               for               a               specified               amount               of               time               to               earn               lindens.

Earnings               are               then               used               by               Second               Life               residents               to               purchase               in               game               items               and               services               such               as               new               skins,               clothing,               land,               or               even               furniture               for               their               in-game               residence.

Or,               as               mentioned               before,               many               Second               Life               users               "cash               out".

As               a               resident               of               Second               Life,               I               became               curious               as               to               the               actual               worth               of               a               linden               dollar               and               decided               to               take               an               analytical               look               at               the               value               of               the               linden.
               Calculations               
               In               order               to               accurately               calculate               the               value               of               the               linden,               one               must               take               into               account               the               exchange               rate               and               the               fees               associated               in               the               process               of               exchanging               linden               dollars               to               cash               and               "cashing               out".

For               the               sake               of               simplicity,               I               used               the               current               exchange               rate               of               Linden               Labs®               own               currency               exchange               system               known               as               the               LindeXTM.

I               have               also               limited               the               scope               of               this               analysis               to               the               conversion               of               lindens               to               US               dollars.

I               also               use               PayPal               as               the               method               to               cash               out               any               earnings.
               As               of               this               writing,               the               exchange               rate               for               selling               lindens               on               the               LindeX               is               approximately               275               linden               dollars               to               $1.00.

A               Second               Life               user               also               incurs               a               transaction               fee               of               3.5%               for               selling               lindens               on               the               LindeX               which               is               charged               after               the               sale               and               exchange               of               lindens               to               US               dollars.

Finally,               Linden               Labs               also               charges               a               $1.00               fee               to               cash               out               any               earnings               to               a               PayPal               account.
               With               this               information,               I               created               an               equation               to               represent               the               dollar               value               of               a               linden.

The               equation               is               shown               below:
               Dollar               Value               of               Linden               =               [0.965(lindens               sold/exchange               rate)               -               1.00]               /               (lindens               sold)
               Results               
               Plotting               the               equation               on               a               graph               results               in               a               logarithmic               curve.

As               the               amount               of               lindens               sold               approaches               infinity,               the               value               of               one               linden               approaches               $0.00350909.

This               means               with               the               current               exchange               rate               and               fees,               the               best               value               a               Second               Life               user               can               hope               to               get               with               selling               lindens               is               a               little               more               than               one-third               of               a               cent.
               Conclusion               
               With               the               current               exchange               rate               and               fees               on               the               LindeX               the               value               of               one               linden               dollar               is               slightly               more               than               one-third               of               a               cent.

But               because               the               equation               results               in               a               logarithmic               curve,               the               fewer               lindens               a               Second               Life               user               sells,               the               lower               the               actual               value               of               a               linden.

However               the               change               in               the               value               of               lindens               sold               is               very               small               between               amounts               past               3000               lindens               sold               and               the               graph               levels               out               at               approximately               80,000               lindens               sold.
               Finally,               keep               in               mind               that               the               LindeX               is               an               exchange,               meaning               the               value               of               the               exchange               rate               can               vary.

While               in               this               article               I               have               used               the               best               information               available,               keep               in               mind               the               value               of               a               linden               is               not               constant               and               changes               in               the               exchange               rate               (or               fees)               can               increase               or               decrease               in               value               of               the               linden               in               the               future.
               Legal               Notice               and               Disclaimer
Second               Life®,               LindensTM,               LindeXTM,               and               Linden               Labs               ®               are               trademarks               of               Linden               Research,               Inc.

Sweatdrop               is               not               affiliated               with               or               sponsored               by               Linden               Research."






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