The entrance to the Grand Exchange
The Grand Exchange (commonly referred to as the GE) is located in the north-west of Varrock. It is a large market, where players may trade their goods for money with other players, or purchase items from other players. Unlike the normal trading system, you may leave an offer in the Grand Exchange pending, whilst you carry out another activity. The offer is not exclusive to your world, and inter-world trading is possible. The system will automatically search for a buyer/seller, and then carry out the transaction once one is found. As with other trading methods, the trade is irreversible, so you must think about trades carefully before carrying them out.
The GE is also a hotspot for players to hang out, and meet people. There are often many conversations taking place, and you'll usually find someone to chat too. In short, the Grand Exchange has partially become the centre of RuneScape.
Before you can use the Grand Exchange, you must undertake a tutorial from either the Grand Exchange Tutor or Brugsen Bursen. The Grand Exchange Tutor will give a more concise tutorial, and Brugsen will give you a longer, more in-depth one (complete with a cutscene showing the Grand Exchange from above).
To open the Grand Exchange, right click on any Grand Exchange Clerk and select "Exchange" as shown in the image below:
You will then see this window:
This window shows you your current offers. Members can use six slots, free players only two. If you click the icon with the arrow directed into the inventory, you will open the purchasing section.
To search for an item to purchase, use the window shown below;
Enter the name of the item in the text box, and select the item you want. Hovering the mouse over an item name will show a picture of the item in the top-left corner. Clicking an item will bring up this screen;
In this screen, you can edit the price you wish to purchase the item for, the quantity of the item, and confirm the offer. All items have a suggested market price, and you may offer more or less than that price for the item by clicking the up and down arrow buttons. You can also manually input a specific price if you would rather by pressing the "..." button. Once you are happy with the price and quantity, confirm the offer. The Grand Exchange will then search for a seller for you. And offer's status can be viewed in the offers interface. The bar will appear brown if the offer is pending, orange if it's partially completed, green if it's completed, and red if it's been aborted.
When a transaction has been completed, you will receive a message in your chat box, informing you that: "One or more of your Grand Exchange offers have been updated."You can then collect your items, either from the Grand Exchange, or by right clicking a banker anywhere in RuneScape, and selecting "Collect".
To sell items on the Grand Exchange, you must select the arrow directed away from the inventory, from the offer's interface. You then select the item you wish to sell from your inventory, by clicking it, which will bring up this screen;
From this screen, you may edit the selling price to your satisfaction (as long as it stays within the 5% margin mentioned beforehand) and confirm the offer. When the transaction is completed, you may collect your money.
The Grand Exchange prices are player set. If an item is bought and sold at higher prices, the price raises, if the item is bought and sold at lower prices, the price drops. Prices are updated at a random time each day. You can follow the price of an item on the Grand Exchange database (located in "Game Guide > Grand Exchange"). A price chart looks something like this;
There are three main parties that are interested in price charts, these are;
These are people who simply wish to buy or sell an item, and want to check the price charts to see if they're selling/purchasing at the right time. If an item is dropping, it would be better to sell it fast, but not a good time to purchase it. If an item is rising, it would be better to wait for it to peak and sell it, however, it would be a good time to buy, before the price becomes too high.
Then there are the honest merchants. These players make a living from studying the price charts, and attempting to buy items that will sell on at a higher price at a later date, thus making them profit. Merchanting became much more difficult after the introduction of the Grand Exchange, as price limits were introduced which greatly reduced profits.
Finally, there are the not-so-honest price manipulators. Price manipulation is very much frowned upon, and against the spirit of the game - it is not advised. Price manipulators or price manipulation clans invest a lot of money into a certain item (buying at the highest price), causing the price to rocket upwards. The manipulators hold the item for as long as possible (hoarding), and finally dump the load back into the market, making a huge profit for themselves and causing the item to crash in price.
This method is hugely unfair on everyone but them, as people wanting to trade their items may find them practically unsellable, or at a horribly low price, and the chances are, even if you join one of these clans, you'll end up losing money, as the clan leader is always one step ahead. The general message is: Don't do it.
Untradable items cannot be traded on the Grand Exchange, however, there are some tradeable items that also cannot be traded over the Exchange. These are;
- Burnt food
- Cursed magic logs
- Half certificate
- Weapon store key
- Phoenix crossbow
- Miscellaneous key
- Pete's Candlestick
- Certain flasks with less than (6) doses
- Partially degraded armours and weapons
There are a few NPCs around the Grand Exchange area. There are the Bank clerks, the Grand Exchange clerks, the Grand Exchange Tutors and the merchants. There are five merchants, who specialise in different areas. They can show you the prices for commonly traded items in their field. Hofuthand's (Weapons and Armour) is shown below;
All the merchants and their specialities are listed below;
- Bob Barter (Herbs)*
- Hofuthand (Weapons and Armour)
- Relobo Blinyo (Logs)
- Murky Matt (Runes)^
- Farid Morrisane (Ores)
* Right-click "Decant" - Combines all potions in your inventory into a specified amount of doses where possible.
^ Right-click "Combine" - Combines charges on enchanted teleport jewellery. If the item is normally destroyed upon the use of its last charge, then Matt will also destroy them.
Some armour can be made into a "set" by the Grand Exchange clerks. This simply saves slots in the Grand Exchange to be used by other offers. All metal and Dragon armour can be made into sets, along with Barrows, robes and Dragonhide.
In order to curb price manipulation and real-world trading, Jagex set limits on the amount of certain items you can buy every four hours. The items and limits are the following;
|God Wars equipment||10|
|Treasure trail items||2|
*Per four hours
The Grand Exchange is a very busy place. Many people gather to trade, socialise, and train skills such as Fletching, Herblore, Firemaking and Magic.
On busy worlds (most notably World 2), people will trade normally as well as use the Grand Exchange. You will be able to find rare items such as Nex armour, Spirit Shields, Third-age Armour and Discontinued items for sale.
There's a very handy place for Firemaking inside the Grand Exchange. You can't light a fire any closer than two squares to the centre, but you can use a whole inventory in one row if you move a little further outwards. It's not uncommon to see long lines of fires inside the GE; unfortunately, this coupled with large amounts of players mean the GE is a hotspot for lag.
Skills such as Fletching and Herblore, that don't require you to leave a bank in order to train them, are often trained in the Grand Exchange, as there are many other players to talk to, and there's usually something interesting going on. Alchemy is also common, for the same reasons.
Located nearby is a Spirit Tree, that can transport players around RuneScape, and also a Fairy Ring in neighbouring Edgeville. There is a members-only agility shortcut in the North-wast, which goes directly to Edgeville and said Fairy Ring.
After completing the Easy Varrock diary tasks, you will have the option of redirecting your Varrock Teleport to the Grand Exchange. After completing the easy, medium or hard tasks, speak to Rat Burgiss, Reldo or Vannaka respectively to have your teleport altered.
Guide Made by: Jamie
Corrections submitted by: Doctor Shemp, Deathslayer, 5jncarn, Jamie, Simon, CS1, Zeddicus, Power of Five, Secepatnya, Valerie, Jamandy52, Umbra