League of Legends Economy Influenced by Brexit, RP Cost Going Up
Today we learned that video game economies do not exist within a vacuum. Riot just announced that, [...]
What This Means for Different RP Bundle Values
This change in value messed up some RP bundles, and so Riot is doing away with the £2.50 RP bundle that almost no one bought anyway, and introduced a medium tier between the £10 and £20 bundles. This is to provide a convenient means of acquiring some quick RP when a player wants to purchase a legendary skin.
"For example, the Dawnbringer Riven and Nightbringer Yasuo legendary skins cost 1820 RP. Prior to the price adjustment, a player could acquire 2075 RP for £10, but after 25th July the only viable option would be to spend £20 for 4200 RP.
"With these things in mind, we are also retiring the £2.50 price point and adding a new £15 option that will give you 2525 RP. The new £15 option will be the best way to get RP if you have none already and decide you want to buy a legendary skin."
The new values look like this:
Price Point | Old | New |
£5 |
975 RP |
790 RP |
£10 |
2075 RP |
1650 RP |
£15 |
*New* | 2525 RP |
£20 |
4200 RP |
3350 RP |
£35 |
7450 RP |
5950 RP |
£50 |
10700 RP |
8600 RP |
At this point you've got questions, and Riot has answers. See their FAQ below.
prevnextQuestions and Answers
Why are you adjusting RP prices in the UK?
The value of pound sterling fell dramatically following the EU referendum last June. We constantly review RP pricing globally so every player is spending roughly the same amount of money to get the same amount of RP. This change threw that out of whack, so we decided to make an adjustment.
Why do it now? Why not last year?
The value of currencies goes up and down, so we wanted to leave it for a while to make sure the change was sticking. At this point it's been more than a year and recent fluctuations have been fairly minimal, so we think the time is right to make a change.
You talked about the comparison between the UK and the US, but what about Europe and other regions? Is anyone else affected?
We monitor currency movements across all regions in which Riot operates to try to keep global RP prices in harmony. There's been modest inflation in some EU markets and we continue to monitor all currencies, but overall the gap between European currencies and the US dollar is minor.
When will the RP price change go into effect?
25th July 2017 at 23:59 BST.
What about IP or existing content?
You can still purchase content for the same amount of IP and RP as before.
What happens if the pound recovers tomorrow? Or what happens if the dollar suffers a massive fall? Will you change prices back?
We can't predict what will happen going forward, but we will continue to gather data on currency changes globally. We would consider further adjustments if we felt there was a serious long-term imbalance and the markets themselves weren't going to correct it.