In the beginning, some Level D merchants were exchanging East Sea coins. Due to the small number of exchanges, the change in the exchange rate was relatively small. There were even a few instances where the exchange rate dropped.
However, two big shots made their moves one after another. One of them exchanged 200,000 East Sea dollars, while the other directly exchanged 1,000,000 East Sea dollars. Soon, the exchange ratio rose to more than 1.1000.
With such a ratio, Yang Rui could not only recoup his costs but also make a profit by exchanging East Sea currency.
The exchange rate of East Sea coins was not controlled by humans. It was calculated by the system based on the market's supply and demand. Therefore, it would not change much in a short period of time.
Of course, if the market demand increased sharply, 1.1000 game gold coins could be exchanged for 1 East Sea dollar. If someone bought East Sea dollars at a ratio of 2: 1 due to special needs, it could quickly affect the market.
However, this kind of effect was always one step behind human factors. Even if someone completed a large-scale exchange at a ratio of 2: 1, the exchange rate would not immediately jump to that ratio. Instead, it might only increase by a few ten-thousandths of a percentage.
Another reason for the large fluctuation of East Sea coins was that Yang Rui had only issued 1,000 East Sea coins. Therefore, when the system calculated the various factors, the denominator of the total amount of currency was relatively small.
The 'denominator' was only a metaphor. The process of the system calculating the exchange rate should be very complicated. At least, Yang Rui did not understand the relationship between the two at the moment.
In general, the change in the exchange rate was similar to the real world's financing market. However, the exchange rate was constantly changing in the game. There was no such thing as a break in the market.
With the two large merchants making their moves, the exchange rate of East Sea coins sped up a lot.
Originally, there were more than 800 merchants registered. Yang Rui had issued a total of 10,000,000 East Sea coins. After an entire game day, Yang Rui had less than 4,000,000 East Sea coins left.
Many of the merchants were still observing the situation. Most of the people who had already exchanged for East Sea gold coins had only cautiously exchanged about 10,000 East Sea gold coins.
There weren't many merchants who actually exchanged large amounts of East Sea gold coins. Other than Zhang Rang and the player representatives, there were only two other merchants who exchanged more than 100,000 East Sea gold coins.
Due to the previous registration process, Yang Rui was very clear about the identity of Zhang Rang's representative and the player group's representative. Zhang Rang's representative exchanged 1,000,000 East Sea gold coins, while Trace Dragon Soul and other large player groups exchanged 200,000 East Sea gold coins.
The other person who exchanged 100,000 East Sea gold coins also had a clear background. He was the representative of Gangdong Sun Jian. At present, Sun Jian had a series of transactions with Yang Rui, so it was normal for him to exchange some East Sea gold coins as backup.
However, the last Itinerant Merchant who exchanged 150,000 Eastern Sea Gold Coins was only ranked B, and it was the kind that did not have a hierarchy.
Yang Rui even guessed that he might be from a rival faction and used this method to hide his identity. After all, when the future of East Sea gold was still uncertain, ordinary merchants did not need to take too much risk.
This feeling was fleeting. At this stage, before the merchant alliance was formed, Yang Rui did not plan to investigate this matter in detail. Even if there really were representatives of rival factions in the merchant alliance, it would still be useful to the merchant alliance for the time being.
In fact, being able to exchange more than 6,000,000 East Sea gold coins at once was already in line with Yang Rui's expectations. After all, East Sea gold coins had not really been circulated yet, so the market demand was not high.
Moreover, as the founder of the merchant alliance, Yang Rui had registered and rated under the name of Wei Xiu 'er's carriage fleet and fleet. Naturally, he had to keep some East Sea gold coins for circulation.
As for Wei Xiu 'er's merchant alliance rating, it was naturally the highest Level A, which guaranteed that it would be suitable for all transactions in the merchant alliance in the future.
After the first batch of East Sea gold was exchanged, Xiaohui's large auction house was almost ready. On the second day of the game, Yang Rui struck while the iron was hot and immediately launched the merchant alliance's first trade fair.
Just as Xiaohui had prepared, the trade fair was held in the large auction house's internal auction hall. It would not affect the auction house's normal external functions, and it was even better than the merchant alliance's trade fair. It also attracted a large number of people, causing the large auction house's trading volume to increase a lot.
In order to expand the merchant alliance's influence, Yang Rui gave the right to participate in the first trade fair to all registered and rated merchants. Almost all of the merchant alliance's 800 members were present.
They had registered and rated so that they could trade with Yang Rui. Now, regardless of whether they had exchanged East Sea gold coins or not, all of them were present to see how the trade fair was organized.
As for the goods in the trade fair, Yang Rui kept his promise and brought out the promised food, large transport ships, medium transport ships, divine crossbows, and divine mechanical puppets.
To be more precise, they were listed on the trade fair's list of goods. As for the actual goods, it was unlikely that they would appear at the trade fair.
The first thing that made the participants feel more at ease was that Yang Rui's food supply was not capped. It was just that the minimum amount was 10000 catties, and the price was normal market price.
Just this alone made the merchants feel that their registration and rating was worth it. Currently, the food shortage in the entire civilized area was still very serious. It was almost a situation where there was a price but no supply.
Looking at the large transport ships and medium transport ships, the quantity of goods was also satisfactory.
As for the large transport ships, there were 30 of them, which was almost the total number of ships produced in the recent period. At the same time, the price of the ships was basically the same as the auction price.
For a single large transport ship, the auction price was definitely high. However, the value of the large transport ships in the trade fair was that they were sold in batches. If someone could buy all 30 of them, it would be enough to form a large fleet.
For goods like the large transport ships, although the difference between the cost and the price was huge, the ship itself was very troublesome to build. Moreover, such ships had a wide range of uses. They could even be used in the army, so it was understandable that they were more expensive.
In comparison, medium transport ships were much cheaper. However, regardless of whether it was river or coastal shipping, medium transport ships were indispensable.
There were a total of 200 heavy transport ships in the trade fair, and like the large transport ships, they were also open for pre-order.
As for the divine crossbows and divine mechanical puppets, Yang Rui directly put up a set of them, which attracted a lot of attention.
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
