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Approximate ISK to USD value?

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DarknessInc Minmatar Legion of Corpses Federation Of united Corps	Posted - 2007.10.31 08:34:00 - [1] Take exchange rates USD to GBP USD to SFC etc. etc. What is the current USD to ISK conversion rate? I want to do a project in my school on this, not for ISK sale but just to put into a model linking also the possible theory that if the citizens of EVE somehow got connected to our universe, all of Earth would be richer than all of EVE, RIGHT NOW. but this is working with our Earth and not their Earth. <.< /signed. Much love to you too - Wachtmeister
Sheriff Jones Amarr Please Enter Password	Posted - 2007.10.31 08:37:00 - [2] Edited by: Sheriff Jones on 31/10/2007 08:37:33 Well, rather easy i think. Since a billion isk is about, what, couple of hundred on those silly sites? One could say even a janitor at an earth school could afford the whole EVE universe Oh and the cynical bastard in me wants to say; stop using EVE-O forums to get a correct price on your isk selling ways! My opinions represent the opinions of my corporation completely. I'm the CEO damnit.
Dirk Magnum Red Light Enterprises Eastern Star Federation	Posted - 2007.10.31 08:39:00 - [3] 150 to 175 million isk equals 15 USD, if the going rate of game time codes is any indication. Not sure about EULA-violating isk-to-cash rates.
ArcticFox Dirty Deeds Corp. Axiom Empire	Posted - 2007.10.31 08:42:00 - [4] Edited by: ArcticFox on 31/10/2007 08:44:44 Well, strictly speaking, in back story terms, the players are not "all of Eve" but in fact a very very small, elite segment of the population. The Eve universe is, in these terms, theoretically populated by hundreds of billions (probably trillions) of people who probably control a significant amount of ISK that's not flowing in our economy. So yeah, all of earth is certainly richer than all of the player wealth in Eve, because the value of ISK is determined by what people will pay for it, and people will only generally pay their disposable income. Add to that that there are less than two hundred thousand people who play Eve and there are six billion people who live on Earth, and it seems like a pretty pointless comparison. -------------------------- There is no +6 sword of WTFPWN in Eve.
F'nog Amarr Celestial Horizon Corp. Valainaloce	Posted - 2007.10.31 09:27:00 - [5] Don't even go there. It opens a horrible can of worms akin to Pandora's Box. It's just bad. I used to get It. Then It changed. Now I don't even know what It is.
Thuul'Khalat Gallente Phoenix Wing Acheron Federation	Posted - 2007.10.31 09:36:00 - [6] Well... with the context you want to do this, the conversion rate of buying ISK would not hold water, but rather comparing the cost of an ingame item with a comparable real world item. Soo... Say Wheat. One tonne has a baseprice of 100 ISK In the real world, one tonne of Wheat costs about ú200 ú1 = $2.05 So 1 ISK = ú2 = $4.10 ofc... that raises some curiosities... Does a Megathron really only cost 400 million dollars? ---
Sir Scorpion Black Banners	Posted - 2007.10.31 09:43:00 - [7] I saw this article somewhere not sure, stating that the total isk in EVE universe is around 80 Trillion isks I donÆt think that includes assets and items just Isk. So if you take game time cards as a converter that will be around 10-12 Million US$ ôrough estimationö. But I think if you calculate assets as well, and lets say ships, stations, faction modelsà etc, the total will be much higher (50-100mil?). Their was a nice post about it in the market dissection post.
Alrich	Posted - 2007.10.31 10:00:00 - [8] Originally by: Thuul'Khalat Well... with the context you want to do this, the conversion rate of buying ISK would not hold water, but rather comparing the cost of an ingame item with a comparable real world item. Soo... Say Wheat. One tonne has a baseprice of 100 ISK In the real world, one tonne of Wheat costs about ú200 ú1 = $2.05 So 1 ISK = ú2 = $4.10 ofc... that raises some curiosities... Does a Megathron really only cost 400 million dollars? what would you have to pay for 1 tonne of wheat on ISS? that would be quite higher... use a marine for comparison and you would get a quite different answer (what would you have to pay to get a marine as a bodyguard for the rest of his life? including equipment...)
Thuul'Khalat Gallente Phoenix Wing Acheron Federation	Posted - 2007.10.31 10:05:00 - [9] Originally by: Alrich Originally by: Thuul'Khalat Well... with the context you want to do this, the conversion rate of buying ISK would not hold water, but rather comparing the cost of an ingame item with a comparable real world item. Soo... Say Wheat. One tonne has a baseprice of 100 ISK In the real world, one tonne of Wheat costs about ú200 ú1 = $2.05 So 1 ISK = ú2 = $4.10 ofc... that raises some curiosities... Does a Megathron really only cost 400 million dollars? what would you have to pay for 1 tonne of wheat on ISS? that would be quite higher... use a marine for comparison and you would get a quite different answer (what would you have to pay to get a marine as a bodyguard for the rest of his life? including equipment...) Your argument doesn't work, as while on ISS a tonne of wheat would have to be sendt there through an expensive launch, while in EVE you can safely assume space travel is less costly, and not the least, food is to a large part grown in station greenhouses, you know.. the green domes on lots of stations ---
Seamus Drummer	Posted - 2007.10.31 12:08:00 - [10] Edited by: Seamus Drummer on 31/10/2007 12:09:08 Edited by: Seamus Drummer on 31/10/2007 12:08:47 Why not ask Google? http://www.google.de/search?hl=en&q=100+isk+in+USD&btnG=Google+Search&meta= (Note: ISK is also the ISO symbol fnr Iceland's official currency) [Edit] Forum messes with linked URL, so you need to Copy&Paste

Le Skunk Low Sec Liberators	Posted - 2007.10.31 12:22:00 - [11] GTC Sales which are legal give you roughly 40 dollars for 420 million isk Roughly 100 dollars for a billion isk Or 2500 dollars for a mothership SKUNK
Terminus adacai Caldari	Posted - 2007.10.31 12:33:00 - [12] There is no conversion rate, PERIOD. Attempting to establish one will only cause trouble. ISK is an in game currency and has no conversion rate to real life currency. Maybe you are with the IRS or some other taxing authority and attempting to substantiate taxation of virtual currency? If you are truly doing a school project, try google. Please don't attempt to establish a conversion rate here... Opinions reflected on my posts are just that, my opinions. They do not reflect views held by my corp or alliance.
Shakuul Caldari O RLY corp YTMND.	Posted - 2007.10.31 13:37:00 - [13] There is a conversion rate, and I think you can attempt to approximate it. The current rate that sites sell for, around $60 per billion (thank you ISK selling spammers in the help channel), is far above the market rate if CCP allowed free trading of ISK. GTC for ISK trades have an even high price, since they are less risky. You pay $45 for 450million isk, or $100 per billion. To figure out the ISK/USD conversion, you have to look at how much ISK you could make off of a single account, with very little labor. An example of an activity like this would be manufacturing or datacore farming. I'd say you can make at least a billion per month... 3 characters * 6 Mech E agents * 80 RP/character/agent/day * 1.8mil ISK/datacore * 1 datacore/ 50 RP * 30 days/month = 1500mil ISK/month. Of course this assumes you already have the skills invested and so forth, and wouldn't work if everyone did it, but I think there are similar passive skills. This gets you 1.5 billion isk for only $15, so about $1 per 100mil. So, I would say the currency conversion rate would stabilize at around $1 to 100 million ISK, possibly lower since you can datacore farm on accounts also being used to NPC farm or whatever.
El'essar Viocragh Minmatar FSK23	Posted - 2007.10.31 14:16:00 - [14] Edited by: El''essar Viocragh on 31/10/2007 14:18:52 1.) A currency conversion rate goes both ways 2.) Conversion fees are an arbitrary amount of money charged by banks outside of the actual conversion and can therefor be neglected in the following. 3.) Converting amount_X of currency_X to amount_Y in currency_Y with a given fixed but arbitrary multiplier R and back to currency_X again with the inverse R^-1 of R will result in the amount_X again. 4.) We call R our conversion rate. 5.) A conversion is therefor defined by the two functions: f with f(x) = R * x g with g(x) = R^-1 * x = f^-1 6.) Because of 5. f is a bijection 7.) Because of 5. and 6. g is also a bijection 8.) In Eve Online, there is a possible legal conversion from real currency to ingame currency 9.) In Eve Online, there is no possible legal conversion from ingame currency to real currency 10.) Because of 9. the function to convert currency in 8. does not have an inverse function 11.) Because it has no inverse function, it cannot be a bijection 12.) Because it cannot be a bijection, it cannot be a currency conversion as established in 1. to 5. Conclusion: there is no currency conversion rate between ingame and outgame currency. PS: it's been a while, but I think I managed to evade gross errors :P [Edit] Typo and clarification. -- [17:47] <Mephysto> its dead, jim
Atius Tirawa Minmatar Wreckless Abandon Triumvirate.	Posted - 2007.10.31 14:27:00 - [15] Originally by: Le Skunk GTC Sales which are legal give you roughly 40 dollars for 420 million isk Roughly 100 dollars for a billion isk Or 2500 dollars for a mothership SKUNK This. When CCP legalized GTC sales, they standardized the currency tranfer rates for ISK -- USD (and thus any currency). So 30 bil -- 3000 US dollars, and so on. Going from USD to ISK is relativly easy, but if you are willing to take a hit to the exchange rate, you can go from ISK to USD also. This is what is so dangerous about players selling GTCs. -----------
Occara	Posted - 2007.10.31 14:32:00 - [16] Edited by: Occara on 31/10/2007 14:32:38 http://www.google.com/search?q=isk%20to%20usd (made clickable url)

CCP kieron	Posted - 2007.10.31 14:50:00 - [17] According to XE.com the US Dollar to Icelandic Kronur conversion rate is 59.9 ISK to 1 USD. We don't have a conversion for InterStellar Kredits. kieron Director of Community Relations, EVE Online EVE Online, CCP Games Email/Netfang Look Ma, I'm in a Dev thread! Oh wait...

Occara	Posted - 2007.10.31 14:52:00 - [18] Originally by: CCP kieron According to XE.com the US Dollar to Icelandic Kronur conversion rate is 59.9 ISK to 1 USD. We don't have a conversion for InterStellar Kredits. my google beats your XE!
DarknessInc Minmatar Legion of Corpses Federation Of united Corps	Posted - 2007.10.31 16:53:00 - [19] So technically Russia is richer than all of the EVE universe. And Iceland is poorer than russia? Which its currency has risen from 33 Rubles to the dollar to 24 rubles to the dollar /signed. Much love to you too - Wachtmeister
Taedrin Gallente Magellan Exploration and Survey Rare Faction	Posted - 2007.10.31 17:03:00 - [20] Originally by: DarknessInc So technically Russia is richer than all of the EVE universe. And Iceland is poorer than russia? Which its currency has risen from 33 Rubles to the dollar to 24 rubles to the dollar Having a stronger or weaker currency doesn't imply how strong or weak a country's economy is. For example the Japanese Yen is weaker than the Mexican Peso, but I dare say that the Japanese economy is stronger than the Mexican economy.

Fester Addams Minmatar	Posted - 2007.10.31 17:42:00 - [21] Lets see, according to the Character and Timecode Bazaar 30 days of game time seems to be worth about 200milion. Or 6.67 milion isk per day At the same time the EvE store on this site places the $ price for a 100 day GTC at $49.95 or $0.4995 rounded off to 50 cents a day. Thus logic would dictate that a correct isk to $ rate would be 6.67mil isk is worth 50 cent or 13.33mil isk per dollar. Naturally its possible that you can find GTC at a lower price both in isk and dollar but I think its a decent aproximation based on what can be found on this site.
Tyr Vaantau Amarr Peregrin Avionics	Posted - 2007.10.31 17:50:00 - [22] Originally by: Taedrin Originally by: DarknessInc So technically Russia is richer than all of the EVE universe. And Iceland is poorer than russia? Which its currency has risen from 33 Rubles to the dollar to 24 rubles to the dollar Having a stronger or weaker currency doesn't imply how strong or weak a country's economy is. For example the Japanese Yen is weaker than the Mexican Peso, but I dare say that the Japanese economy is stronger than the Mexican economy. The Japanese exchange is rate is messed up because of how they denominate their money. In a lot of cases, the value of money can imply how strong an economy is. Take inflation, for example. ------
Hamfast Gallente	Posted - 2007.10.31 18:00:00 - [23] Originally by: Tyr Vaantau Originally by: Taedrin Originally by: DarknessInc So technically Russia is richer than all of the EVE universe. And Iceland is poorer than russia? Which its currency has risen from 33 Rubles to the dollar to 24 rubles to the dollar Having a stronger or weaker currency doesn't imply how strong or weak a country's economy is. For example the Japanese Yen is weaker than the Mexican Peso, but I dare say that the Japanese economy is stronger than the Mexican economy. The Japanese exchange is rate is messed up because of how they denominate their money. In a lot of cases, the value of money can imply how strong an economy is. Take inflation, for example. Strong or weak Currency is a political view, not an economic view... and politics make for bad economic decisions. --------*****-------- It takes 43 muscles to frown and 17 to smile, but it doesn't take any to just sit there with a dumb look on your face.
Tyr Vaantau Amarr Peregrin Avionics	Posted - 2007.10.31 18:11:00 - [24] Originally by: Hamfast Originally by: Tyr Vaantau Originally by: Taedrin Originally by: DarknessInc So technically Russia is richer than all of the EVE universe. And Iceland is poorer than russia? Which its currency has risen from 33 Rubles to the dollar to 24 rubles to the dollar Having a stronger or weaker currency doesn't imply how strong or weak a country's economy is. For example the Japanese Yen is weaker than the Mexican Peso, but I dare say that the Japanese economy is stronger than the Mexican economy. The Japanese exchange is rate is messed up because of how they denominate their money. In a lot of cases, the value of money can imply how strong an economy is. Take inflation, for example. Strong or weak Currency is a political view, not an economic view... and politics make for bad economic decisions. There is so much wrong with that statement. Firstly, inflation dictates the strength of a currency, and inflation is influenced by what people are spending down on ground level, not by what some politician wants it to be - the politians only do things that keep the inflation down (which is reactionary, so don't tell me that I just contradicted myself). Secondly, "politics make for bad economic decisions". You do realise that part of politics IS making economic decisions? Because, you know, politicans actually RUN the country. ------
DreadMasters	Posted - 2007.10.31 18:14:00 - [25] Originally by: Dirk Magnum 150 to 175 million isk equals 15 USD, if the going rate of game time codes is any indication. Not sure about EULA-violating isk-to-cash rates. Sumone is buying isk....
Kellyl Free Traders Free Trade Syndicate	Posted - 2007.10.31 18:35:00 - [26] Edited by: Kellyl on 31/10/2007 18:36:00 Buying isk is silly.... WHen mining is soo much fun :P Originally by: CCP Greyscale Faction HAMs will almost certainly be showing up in the next content patch Mmmm HAM!
Anaghast	Posted - 2007.10.31 18:44:00 - [27] 100 million isk = 0$ 1 Billion isk = 0$ Now here's the tricky one: 100 Billion isk, 0$
Koryvarn Amarr Liberty Rogues	Posted - 2007.10.31 18:49:00 - [28] Could do GTC conversion to real life cash. So 180 mill = 1 month's subs, what, USD $15 Run the project that way, and mention the blackmarket trade as a side note.
Tramp Oline	Posted - 2007.10.31 19:17:00 - [29] Edited by: Tramp Oline on 31/10/2007 19:25:45 It's pretty simple. If Eve somehow got connected to RL Earth, then our world would be conquered and all forms of Earth currency would be worthless. Isk would be the new currency. We would all become isk farming slaves and CCP would become Gods with the ability to spawn anything that they wanted to. The only hope that we Earthlings would have is to take out the CCP servers during downtime or between server crashes while all of the conquering forces are gone.
Ehranavaar	Posted - 2007.10.31 19:45:00 - [30] Originally by: DarknessInc Take exchange rates USD to GBP USD to SFC etc. etc. What is the current USD to ISK conversion rate? I want to do a project in my school on this, not for ISK sale but just to put into a model linking also the possible theory that if the citizens of EVE somehow got connected to our universe, all of Earth would be richer than all of EVE, RIGHT NOW. but this is working with our Earth and not their Earth. <.< it's amazing so many people managed to completely miss the point of your question. i was curious myself about this and discovered the pricing of goods in eve (trade goods) is peculiar to say the least. i finally decided that a shuttle was about the equivalent of a fairly basic cessna in the here now. this makes 1 isk worth about 10 us dollars. the differences in tech level make it very hard to get much closer than that. the trade good wheat comes in such small quantities that it's pretty obviously not for baking bread. i'd hazzard a guess it was seed grain and if so it's worth substantially more than grain for baking bread would be. slaves were another commodity i looked at but the earth's slave markets are grimly out of whack over the various legal hassles that was impossible to draw any comparisons. someone really ought to go to GATT and get these barriers to trade struck down.

Pwett Minmatar QUANT Corp. QUANT Hegemony	Posted - 2007.10.31 19:55:00 - [31] Originally by: Tyr Vaantau There is so much wrong with that statement. Firstly, inflation dictates the strength of a currency, and inflation is influenced by what people are spending down on ground level, not by what some politician wants it to be - the politians only do things that keep the inflation down (which is reactionary, so don't tell me that I just contradicted myself). Secondly, "politics make for bad economic decisions". You do realise that part of politics IS making economic decisions? Because, you know, politicans actually RUN the country. There is so much wrong with this statement. You have oversimplified macro-economics into nothingness. Let me oversimplify it even more, currency and its buying power are all fiat, thus the strength of any currency is simply what you believe it to be. That is the strength of your argument. _______________ Pwett CEO, Founder, & Executor <Q> QUANT Hegemony
Terminus adacai Caldari	Posted - 2007.10.31 20:15:00 - [32] Originally by: Anaghast 100 million isk = 0$ 1 Billion isk = 0$ Now here's the tricky one: 100 Billion isk, 0$ Bingo! :) Opinions reflected on my posts are just that, my opinions. They do not reflect views held by my corp or alliance.
Allen Ramses Caldari Typo Corp	Posted - 2007.10.31 20:41:00 - [33] If you took an approximation of GTC trades and used a modal average over the last 60 days, you would end up with a figure of a hypothetical exchange. ISK selling is not considered for, as it would be in the same vein as the laundering of goods. Anyway, with the $14.95 and $38.95 prices for GTCs, and the amounts of ISK traded for them, the current hypothetical exchanges are 1M ISK ~= $0.082 US $1 US ~= 12.22M ISK Of course, in a non-hypothetical sense, there is no exchange. The InterStellarKredit has no monetary value, as does not represent a store of real-world goods. ____________________ Pimped out Raven to run level 4 missions quickly: 210 Mil ISK. Realizing your 120 Mil ISK Drake gets the job done faster: Priceless.
Loyal Servant Caldari Viper Intel Squad Pure.	Posted - 2007.10.31 20:45:00 - [34] Edited by: Loyal Servant on 31/10/2007 20:46:41 As a farmer hunter I actually keep a track on isk value. (BUYING ISK IS AGAINST THE RULES!) (BUYING ISK IS AGAINST THE RULES!) (BUYING ISK IS AGAINST THE RULES!) (BUYING ISK IS AGAINST THE RULES!) (BUYING ISK IS AGAINST THE RULES!) Thanks... The exchange rate is about $1 us for ~ 17 million isk Accoring to my notes, this is down from a year ago, where isk was approximately $1 per 4 million isk. Illicit isk sales have hit the roof in the last year. Edit: For clarity this is a combination of sites that sell isk including ebay, averaged. I do this once a week, these are the figures for illicit isk which is why people buy it instead of using GTCs, because you get more isk per US dollar.
Vitrael Jericho Fraction The Star Fraction	Posted - 2007.10.31 20:47:00 - [35] Originally by: CCP kieron According to XE.com the US Dollar to Icelandic Kronur conversion rate is 59.9 ISK to 1 USD. We don't have a conversion for InterStellar Kredits. Iceland Kronur = ISK? slaps forehead So how many of you *****s at CCP live in Hofjaldgund? ___________ I learned to accept ship changes months ago. Suddenly I enjoy Eve. You should try it some time.


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