Rates on NOSH are subject to fluctuations due to several influencing factors. These affect both exchange rates for currency conversions and gift card rates. Below, we provide a detailed explanation of the reasons behind these fluctuations and how they impact the amounts credited to users.
Causes of Rate Fluctuations
1. General Market Movements
Rates on NOSH are closely tied to prevailing market trends. The platform continuously reviews and updates rates to align with market dynamics, ensuring users receive the best available rates at the time of a transaction. These adjustments ensure competitive pricing but can result in variations compared to other platforms or earlier rates. This principle applies universally, regardless of the currency in question.
2. Demand and Classification Differences
Gift card rates, in particular, can vary due to specific factors such as market demand. For instance, the value of electronic codes (e-codes) versus physical cards or differences in the rating of "horizontal" versus "vertical" Apple gift cards can lead to variations in credited amounts. Even if cards are misclassified during submission, they will be reassigned to the proper category, which may affect the rates offered .
Practical Implications for Users
Exchange Rates: Users may notice differences in exchange rates compared to other platforms or older trades. These changes reflect NOSH's ongoing commitment to offering competitive and market-aligned rates .
Gift Cards: Credited amounts for gift cards may differ despite initial expectations because of reclassification during processing or varying market demand for specific formats .
Final Notes
NOSH's flexible rate-setting process ensures users benefit from competitive pricing while adapting to evolving market conditions. If users have further questions about specific rates or transactions, they are encouraged to contact customer support for clarification.