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Why does the auction price not always increase by 1p for every bid?

auction bid increase price
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Why does the auction price not always increase by 1p for every bid?

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The global nature of our auction platform is affected by currency exchange rates, and the 1p increment is currently slightly less than 1p. Therefore, due to rounding to two decimals for the auction price, it sometimes appears that the action price was not increased even though a bid was placed. However, the price is always increased by the bid increment.

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