Have you ever wondered why gift card exchange rates in Ghana are never stable? Truth be told, there is no gift card trader that has not thought about it, and that is what this article aims to answer.
Since time immemorial, one of the features of gift cards that traders have learned to live with is the unstable rates. As a trader, you cannot avoid it as it always lurks around. There have been instances where traders will check the rate of a gift day one day, and by the next, it’s already lower or higher. Nobody has control over the exchange market. In a way, the exchange market is whatever real-time traders and buyers make it to be because of their purchase power.
The following factors influence the rate of your gift cards.
Demand and supply
Gift card exchange rates are mostly determined by demand and supply. When demand increases faster than demand, the value of the gift card increases. However, if supply is higher than demand, the value drops. Steam and Amex gold gift cards usually have high rates because of their high demand.
Currency of gift cards
In what currency was your gift card issued? Euro gift cards have higher exchange rates in cedis than American dollar gift cards. In the same way, American dollar gift cards have higher exchange rates than Canadian dollar gift cards. The list goes on and on.
For example, a €100 Steam gift card has a rate of GHS6.03/$ while a CAD100 Steam gift card has a GHS4.32/$. In a few cases, both euro and dollar gift cards have the same rates.
Form of gift cards
There are two major forms of gift cards, and they are physical and digital gift cards. Physical gift cards usually have higher gift card exchange rates than their digital counterparts.
The current rate of a $100 physical Steam gift card is GHS603/$, while the digital form is GHS567/$.
See also: Get the best Steam gift card rate in Ghana
How to get the best gift card exchange rates in Ghana
Gift card exchange rates are never stable; it is a fact that has already been established. No exchange platform can escape the wrath of the exchange market, which makes all traders a victim too. In fact, any exchange platform that promises you 100% profits cannot be trusted because that is one of the most popular antics of scammers.
In this vein, the only way you can get the best gift card exchange rates in Ghana is to find a reliable platform that sells gift cards at a reasonable rate. One of the few platforms is Astro Africa.
Astro Africa is the best gift card exchange platform in Africa. The platform is popularly known for putting the needs of its customers above anything else. It is why Astro Africa sells gift cards at the best rates to help its customers maximize their profits. Depending on the form of gift card you own, you can get up to 80% of the card’s face value on the platform. The rates hardly go below 80% for all gift cards on Astro Africa.
Apart from high gift card exchange rates, Astro Africa is also home to robust gift card exchange platform features. These features help to give you a well-rounded trading experience. The features include; Simple user interface, rates calculator, responsive customer service, instant payments, and referral bonuses.
To get started on Astro Africa, you only need a valid email address and password. You can either use the website or download the mobile app from Google Play Store to always trade on the go. In case you’re wondering, the same features you find on the website are embedded in the app.
How to calculate current exchange rates using Astro Africa rates calculator
One of Astro Africa’s most outstanding features is its rates calculator. The rates calculator is a special feature on the platform that keeps you updated on the current rates of all your gift cards. The calculator is free for all, both registered and unregistered users.
The calculator is constantly updated with Chinese gift card rates, which are the best. Even more, the rates high rates you find on the calculator are the same rates at which your gift cards will be exchanged on Astro Africa.
The calculator is relatively easy to use because of the intuitive user interface of the Astro Africa website. All you have to do is follow the steps outlined below.
- Visit the Astro Africa website.
- Click on check rates.
- Select the currency you want to exchange into. It could be Nigerian naira, or Ghanaian cedes.
- Select the type of gift card and its sub-group.
- Input the gift card amount, and the exchange rate will be displayed.
- Now that you know the current gift card exchange rate, you can sell your gift cards for cash on Astro Africa and get paid instantly.
