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Why does the auction price increase by 2c sometimes?

April 26, 2017auction increase price

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10 Posted

Why does the auction price increase by 2c sometimes?

1 Answer

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10 Posted

The global nature of our auction platform is affected by currency exchange rates; we base our bid increments on Euro cents and AUD 0.01 is currently worth slightly less than EUR 0.01. Sometimes this increases the price by AUD 0.02 instead of by AUD 0.01.