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Spontaneous currency revaluation

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Deacon
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Spontaneous currency revaluation

Post by Deacon on Thu Oct 13, 2016 10:38 pm


While my December 1706 game 8 turn had a number of disappointments, one piece of very strange good news did occur.

My currency "spontaneously" revalued. My economy has been great for years, but I had no idea that it was even possible for a currency to increase in value.

Traditionally the Spanish Maravedi is 20 to the pound. As of now, it's 10 to the pound. Other than doubling the value of my existing treasury which is a nice bonus, I'm not even sure what this means.

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Rozwi_Game10
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Re: Spontaneous currency revaluation

Post by Rozwi_Game10 on Fri Oct 14, 2016 1:23 pm

It means I'm green with envy!

Mister Bartholomew Yorke reads with interest that the Spanish Maravedi has increased in value against the Guinea, and starts a lengthy discourse with his fellow Coffee Shop patrons as to the merits of trade with Spain.

jamesbond007
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Re: Spontaneous currency revaluation

Post by jamesbond007 on Fri Oct 14, 2016 1:52 pm

Does this mean that trading with the Twin Kingdoms will be hit. ? As it will cost other nations more of their currency to purchase the same amount of goods as before.? Thus they will trade elsewhere cheaper.?
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Deacon
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Re: Spontaneous currency revaluation

Post by Deacon on Fri Oct 14, 2016 2:58 pm

jamesbond007 wrote:Does this mean that trading with the Twin Kingdoms will be hit. ? As it will cost other nations more of their currency to purchase the same amount of goods as before.? Thus they will trade elsewhere cheaper.?

Not evidently, since I had another year of very robust growth.

Stuart Bailey
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Re: Spontaneous currency revaluation

Post by Stuart Bailey on Fri Oct 14, 2016 11:37 pm


Wow! I am really impressed that you have managed to double the value of Spanish money V the English pound.

In G7 Spain got its annual income up to 120M, turned its Gold/Silver into nice shinny new coins and has been a generally a loveable free trader & farming super power with a stable Government.

And before anyone comes out with any wise cracks about the mental stability of the House of Hapsburg.......stable as in paying its debts.

In contrast England has over the last decade lost a war & colonies to the French, been invaded by various armies, has had a long running civil war/political crisis with two Kings murdered, famines & poor harvests, lost control of its American colonies, the Bank of England has gone bust and London has had at least two great fires.

BUT through all this the pound has stayed a the same exchange rate. scratch

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Re: Spontaneous currency revaluation

Post by jamesbond007 on Sat Oct 15, 2016 1:09 pm

Like the Twin Kingdoms. I was also pleasantly surprised by the success of my trade dealings. Plenty of money floating about in game 8.
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Rozwi_Game10
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Re: Spontaneous currency revaluation

Post by Rozwi_Game10 on Sat Oct 15, 2016 3:51 pm

If either Spain or (Moghul?) India would like to have their ambassadors to London give out alms to needy merchants? Mister B. Yorke will be hovering around the North Bank, London Bridge, Mondays - Tuesdays - Thursdays. lol!

[I'm only joking Very Happy ]
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Deacon
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Re: Spontaneous currency revaluation

Post by Deacon on Sat Oct 15, 2016 8:40 pm


I have a theory that different games have different starting conditions.

In Game 8, I think most people have had pretty good economies.

Can't speak for others, but research for me in game 8 has been much more successful than other games as well.

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Re: Spontaneous currency revaluation

Post by jamesbond007 on Sun Oct 16, 2016 6:05 pm

Deacon wrote:
I have a theory that different games have different starting conditions.

In Game 8, I think most people have had pretty good economies.

Can't speak for others, but research for me in game 8 has been much more successful than other games as well.


I would not disagree with the above comment.
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revvaughan
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Re: Spontaneous currency revaluation

Post by revvaughan on Mon Oct 17, 2016 5:11 pm

My economy exploded in Game VIII... I went back to run the numbers and the investments I made were large, but the returns were massive!
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Ardagor
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Re: Spontaneous currency revaluation

Post by Ardagor on Mon Oct 17, 2016 6:25 pm

My economy is also increasing at a nice pace. Invested around 5,000,000 and boosted trade with 18,000,000 which is ok.
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Deacon
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Re: Spontaneous currency revaluation

Post by Deacon on Mon Oct 17, 2016 6:51 pm


I do a full spreadsheet year on year that tracks the growth of income of my nobles, church and commoners, and also my trade investments and trade returns.

Helps remind me where I've invested and eyeball how they've done, so I make sure to spread the investments around.
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Jason
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Re: Spontaneous currency revaluation

Post by Jason on Mon Oct 17, 2016 7:54 pm

It's interesting what people are saying about G8. Have played 2 different positions there and in each whilst income rose year on year, it was no more than I was achieving in other games.

G9 now, that is where I've seen dramatic increases-in 3 years income has increased 4-fold...and in the first year of play it more than doubled.
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revvaughan
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Re: Spontaneous currency revaluation

Post by revvaughan on Tue Oct 18, 2016 5:42 pm

In one category my income went from 12 million to 79 million in one year. I will take that any day that is is offered!
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Ardagor
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Re: Spontaneous currency revaluation

Post by Ardagor on Tue Oct 18, 2016 8:56 pm

That is massive, far beyond anything I have ever managed. My best is from 7 to 21 million in one year, was happy about that. Highest total increase ever in one year is about 22 million.
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Deacon
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Re: Spontaneous currency revaluation

Post by Deacon on Tue Oct 18, 2016 9:33 pm


That is impressive.

My trade has grown enormously since year zero though no particular stand out categories. (As I've said elsewhere, I want a diversified economy so I'm not as subject to bad luck or attack).

But, my commoners annual revenues are up more than 50% since start of game, and even in booming economies commoner income hardly moves at all normally.

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Rozwi_Game10
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Re: Spontaneous currency revaluation

Post by Rozwi_Game10 on Wed Oct 19, 2016 7:10 pm

Stroll on! How is it everyone manages to get huge income returns except me.

What is it that I'm doing differently than everyone else?

What do people do, invest at least 1,000,000 + puts lots of recruits into trade + open trade missions + specify, buying here and selling there??

I'm always scared of not having enough money in my treasury balance, so always try to keep at least 1,000,000 in it, just in case. Is this false thinking, should I just go for broke and plough it all into trade???

Do I need to go into specifics - Buy here, sell there - open trade mission to do this, work in this area to do that - or do people just say invest a million in this commodity and they then end up making money hand over fist????

One of the reasons people probably give up positions is due to treasury deficits. So if there's an easy way to be making huge trade income returns it must surely be in the interest of the game as a whole (to keep more players playing) for the secret to financial success to be known.

If I'm being honest, reading about all the huge amounts of money players have is making me feel rather dejected about trying for success in the game.

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Jason
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Re: Spontaneous currency revaluation

Post by Jason on Wed Oct 19, 2016 7:32 pm

Firstly Rozwi, don't feel dejected. I have played quite a few different positions and only in one have I achieved massive income from trade-and I still haven't worked out what I did 'right'! In most I make a good income from trade but not massive and still rely on taxation.

On keeping 1m in the account, whilst without knowing your overall income/expenditure I can't give a definite answer (more than the annual income for some positions I've played), it does sound excessive, esp when new in a game. Having a reserve is useful but if your economy is reasonably ok, bear in mind your income should remain stable, if not actually increase, year on year.

On trade, I tend just to open trade missions without giving specific instructions. I often set up 'general' trade in an area but if I know of a specific industury/trade (e.g. tea in China, whisky in Scotland) I invest in that seperately-this does seem to work. I invest as much as I can, so in some games that is 1m, in others it can be 20K
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Rozwi_Game10
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Re: Spontaneous currency revaluation

Post by Rozwi_Game10 on Wed Oct 19, 2016 9:08 pm

Here's hoping I'm not shooting myself in the foot ... I think Rozwi in Game 10 started with something like 1.8m in the treasury.

For 1700AD I've spent a good 700,000 or so, on purchases/upkeep (leaning more towards upkeep, as the army is large and I want to explore the military side of the game this time around).

Annual income is around 500,000 at Economic Health 6.

Obviously the treasury is working at a yearly loss at present, due to the huge amounts spent on upkeep of the army. But once all the fighting is out of the way and troops are stood down, the economy should grow at current rate by a good 250,000+ with current trade investments and EH 6.

Trade has been neglected so far, in preference of the army. Hopefully with the coming wars I'll see a financial return as I capture spoils etc. But the status quo with Rozwi is we can sustain current spending for quite some time, maintaining the army, and only need to invest in trade in a small way to allow the treasury to balance the books and keep the economy on an even keel.

Obviously I don't expect Rozwi to ever be making the huge trade returns that a European country will get. But the army is central to the playing position, I've found so far, that and cattle. If you want to boost your honour, do something with the army - to get a double boost, do something with the army that includes cattle. Its at this point that personal wealth creates the disposable income useful for roleplaying fun for the newspaper.

End of the day Rozwi is so far removed as a playing position from most, that it is probably safe to share all of the above info. And apart from the army, invading neighbours, breeding cattle, having a laugh through role playing, what else was I ever going to be able to do in the game Laughing

If people would like to offer advice on money matters, it wouldn't just be a help to me but no doubt others as well.

Win, win.
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revvaughan
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Re: Spontaneous currency revaluation

Post by revvaughan on Thu Oct 20, 2016 3:56 am

This is what I did and got the return...

1) Trade investments are to be made as follows:
a. 750,000 guineas is to be invested into American Trade
b. 750,000 guineas is to be invested into Maritime Trade
c. 250,000 guineas is to be invested into African Trade

2) The 9,000 farmers that are at London are to be transported to America and resettled there in the following colonies (This is likewise to be seen as an investment in man regards)[they are to be moved to Plymouth this month and taken over on the remaining 10 east Indiamen that are present there with 15,000 tons of grain]:
a. 3,000 Virginia
b. 2,000 South Carolina
c. 2,000 North Carolina
d. 2,000 Maryland


The farmers are not from my manpower pool. I requested volunteers to go to America and these were volunteers (If memory serves correct)
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Deacon
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Re: Spontaneous currency revaluation

Post by Deacon on Thu Oct 20, 2016 5:17 am


Investments in other things can pay big dividends.

In year 2 of game 8, I invested 0. I spent all that money on the spanish succession in various ways....

I don't wish to reopen old wounds, but I was highly committed to the process, and if I count that as investment it paid pretty massive returns.

So I wish you luck in your conquests. For many smaller positions that is a far better investment than trade.

jamesbond007
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Re: Spontaneous currency revaluation

Post by jamesbond007 on Thu Oct 20, 2016 5:39 am

Rozwi.

You have to remember the game is historical. A small tribe like the Rozwi were never and could never earn millions trading. Their strength will be raiding and taking over similiar sized tribes.

Also as the Rozwi is such a small position. So is the cost. Or it should be. The big European and world positions get so big that paying for extra orders is neccessary. An average turn costs me 30. At least.

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Rozwi_Game10
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Re: Spontaneous currency revaluation

Post by Rozwi_Game10 on Fri Oct 21, 2016 9:45 am

Thank you revvaughan, seeing those numbers is very useful. I think I also read that France in #10 was investing 500,000 in one area of trade (in a newspaper article), so its obvious to me that I've not been investing enough money into trade investments (where possible).

Yes, I'm finding that, Deacon. Boosting my Honour score to get personal wealth is far the easier option, I'm finding. Probably won't work long term, but at present its a very useful method. I'm also looking forward to seeing what money returns, if any, going to war against other Native Kingdoms will bring me in terms of war booty. Obviously there's other methods to bring about money returns, which I'll looking into in the future.

Thanks jamesbond007. Paying for the Rozwi position is costing around 15-18 a turn (with extra orders), but a lot of this is due to fleshing out the country with gazetteer info and confirming facts so we can get a picture of what the place actually looks like in 1700.
When I first took over Rozwi was a blank page with just a place called Khami, with no other info. Now there's a number of in-game recognised locations and recognised geographic features. I'd imagine Inhambane will eventually become a true, starting turn, location on the maps and in the gazetteer, which also provides Rozwi with a second settlement location on the coast, with its own factual history.
Not that its all been filling out the map, work. The player sheet, first starting turn, didn't even fill an A4 piece of paper. Now it runs to x4 A4 pages, printed both sides.
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Jason
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Re: Spontaneous currency revaluation

Post by Jason on Fri Oct 21, 2016 6:15 pm

I think that is one of the joys of the game, esp when playing a position like the Rozwi, having the chance to help develop the historical understanding of the country so both in the game you're playing and in future ones, it becomes more historical.
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The Real Louis
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Re: Spontaneous currency revaluation

Post by The Real Louis on Fri Oct 21, 2016 7:12 pm

Do player investigations/creations feed through to future games? That's an interesting thought!

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