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Currency Conversion Before and After Mists of Pandaria

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Blizzard Official WoW Blog

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The currency conversion coming with Mists of Pandaria is going to happen in three stages, and this is how we plan for it to progress:

With Patch 5.0.4 on August 28

  • Valor points will be converted to Justice points, and Conquest points will be converted to Honor points.
    • Neither of the resultant currencies (Justice and Honor) will have an enforced hard-cap at this time.
  • The current Arena season will end.
  • Players will no longer be able to earn Valor or Conquest points (bosses will drop Justice, Arenas will be closed).
  • Items formerly purchasable for Valor/Conquest will be available for Justice/Honor.

With Mists of Pandaria on September 25

  • Valor can be earned again.
  • Characters can earn up to 1000 Valor per week, and carry a maximum of 3000 Valor.
  • Daily quests, random Scenarios, random Heroic dungeons, and all levels of raiding will reward Valor.
  • Valor will be used to purchase ilvl 489 gear in Mists of Pandaria.
  • The Klaxxi, Golden Lotus, Shado-Pan, and August Celestials factions will sell this gear.
  • Revered reputation with each faction will be required.

[*]Conquest will become earnable.
  • There is a cap of 4000 Conquest points.
  • Arenas and Rated Battlegrounds reward Conquest.
  • It will be used to purchase ilvl 483 gear from Pandaren battlemasters on the Great Wall.

With Mists of Pandaria, Patch 5.1

  • We currently plan to upgrade the Valor system as Ghostcrawler described in Mists of Pandaria Looting Explained in the 5.1 patch, allowing you to upgrade your gear using Valor points. We’ll have additional information once Mists of Pandaria launches and we get closer to the 5.1 patch release.

Do you have questions or comments about currencies in World of Warcraft? Please let us know in this discussion thread.

(Source)

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The big question is what happens to JP when MOP drops. Does it go away? Does a cap come back into play and all over the cap is converted to gold/silver?

Not that you'll need JP too much in MOP as it only buys 450 gear which is a full tier less than dungeon gear. So it'll mostly be gap-filler gear for a week or two.

Oh, just found a blue post. Apparently the JP/Honor will be capped on 9/25 to 4,000 again and you'll be paid for excess amounts.

http://us.battle.net/wow/en/forum/topic/6369528059?page=11#214

Edited by Healyroller

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Reward Currencies: Conversions, 5.0.4, & You!

Can you continue earning JP/HP if you pass the soft cap of 4000. Remember, HARD CAP was removed (and that will only be from August 28 - September 25) since Valor and Conquest will convert to their lesser forms and any excess will go over the cap?

The second question is currency conversion. When 5.1 drops (which is probably MoP), will we keep some JP/HP and have excess converted to gold; will all of it be converted to gold; or will no conversion happen?

Yes, starting August 28, you can earn as much as you want, since there's no cap at all on the Justice and Honor currencies from that day, until September 25. With Mists of Pandaria, the caps will be applied, and players will be reduced to 4000 Honor and 4000 Justice - any excess points will be converted on September 25 to gold at the rates described before.

(Source)

Reward Currencies: Conversions, 5.0.4, & You!

Arena and Rated Battleground Season 11 is scheduled to end on Tuesday, August 28. At that point, we will determine who is eligible for the end-of-season rewards, a process that should take approximately one week. It's very important for players who feel that they may be eligible for Arena titles and/or the Cataclysmic Gladiator’s Twilight Drake to refrain from transferring their characters to another realm or faction until after Season 11 ends. The awarding of Season 11 titles and mounts will occur approximately 1 week after the season ends.

At the end of the season, Conquest Points will be converted to Honor Points, possibly exceeding the 4,000 point Honor cap. There will be no cap on Honor until Mists of Pandaria is released on September 25. At that time, any Honor accrued above the 4,000-point cap will be converted into gold at a rate of 35 silver per point.

All Season 11 items will cost Honor Points (equivalent to their previous Conquest Point cost) when the season ends, with the exception of any items with rating requirements attached. These items will no longer be available for purchase.

The next Arena and Rated Battleground season will begin for level-90 players approximately one week after Mists of Pandaria launches. During the break between seasons, all Rated Battleground and Arena matches will be unavailable. Matchmaking (MMR), Team, and Personal Ratings will all be wiped when Season 12 begins.

(Source)

edit: Damn I'm too slow, seems like you found it before I finished my post.
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