Valve Corporation has recently decided to cease supporting local currencies for Steam users in Turkey and Argentina, and switch to pricing games in the United States Dollar (USD). This shift will undoubtedly have a significant impact on the way games are priced and purchased on Steam in these regions. Below, we delve into the details of this policy change, its underlying reasons, and what it means for gamers, particularly those in Turkey and Argentina.

Notifications and Initial Reactions

https://twitter.com/gamedevdotcom/status/1717147963179278847?ref_src=twsrctfwtwcamptweetembedtwterm1717147963179278847twgr2055e0b95f817feacd762377894a0f501745fb5ctwcons1_&ref_url=httpsen.softonic.comarticlesits-over-buying-cheap-steam-valve-keys-puts-an-end-to-markets-with-local-currency

Valve has begun alerting users in Turkey and Argentina about the upcoming change in their pricing system. Several gamers from these regions have taken to Reddit and other social media platforms to share screenshots of these notifications. According to these alerts, 'Steam prices and wallets in will be converted to USD starting from November 20th.'

Why the Switch to USD?

The decision to abandon regional currencies for USD stems from a variety of challenges that Valve faced in these territories. The company cites "exchange rate volatility in Argentina and Turkey" as a significant issue that has made it difficult for game developers to appropriately price their products. These challenges were often highlighted during the company's developer meetings and roundtable discussions.

https://youtu.be/X7hPvojaF5I

Valve also mentions additional operational difficulties, including problems maintaining regional payment methods due to "constant currency fluctuations, rates, taxes, and logistical issues."

The switch to USD is seen as a way to "provide greater stability and consistency for players and partners," as per Valve's official statement.

A Historical Perspective

Turkey and Argentina have been popular regions for cheaper Steam games. The affordability of game titles in these areas was so attractive that some gamers even went to the extent of changing their Steam regions digitally to purchase games at lower costs.

https://twitter.com/GamerivGames/status/1717058211474551114?ref_src=twsrctfwtwcamptweetembedtwterm1717058211474551114twgr2055e0b95f817feacd762377894a0f501745fb5ctwcons1_&ref_url=httpsen.softonic.comarticlesits-over-buying-cheap-steam-valve-keys-puts-an-end-to-markets-with-local-currency

However, this landscape began to shift as early as October 2022 when Steam updated its recommended regional prices. Prices in Turkey and Argentina shot up by more than 450%. Valve clarified that these significant adjustments were necessary to align with the evolving state of currency exchange rates and purchasing power in these countries.

Recent Price Hikes

Adding fuel to the fire, last week saw an astronomical increase in game prices in these regions. Activision, for example, increased the prices of its titles by 1,000% to 2,300% in Turkey and Argentina. This escalation has resulted in some games costing even more in Argentina than in the United States, further exacerbating the divide between these markets and more affluent regions.

Final Thoughts

Valve’s decision to switch from regional currencies to USD in Turkey and Argentina has both clarified and complicated the pricing landscape on Steam. While the company aims for stability with this change, it also poses challenges and potentially increases costs for gamers in these regions. Whether this move will balance the scales or lead to greater disparity remains to be seen.

Also Read:
https://news.thebadgamer.in/news/valve-ends-cheap-steam-keys-in-turkey-and-argentina/