You need to know the difference between converting and the internal market.

The convert process guarantees that HBD will return one dollar in HIVE. The convert process keeps the peg.

Converting HBD to HIVE works as follows. The process takes 3.5 days and charges a 5% fee. The process will start by burning your HBD. 3.5 days later, it will create $1 USD worth of HIVE.

Convert destroys HBD and creates HIVE.

So, lets say you had 10 HBD the price of HBD dropped to $0.90 USD. If you sold the HBD on the market; you would get only $9.00.

If you convert it to HIVE. You would get $10 in HIVE minus the $5.00 fee.

You should only use the convert HBD to HIVE button when the price of HBD is under $0.95.

There is a convert HIVE to HBD. This process is similar. It will destroy HIVE and create HBD for a 5% fee. You should only convert HIVE to HBD when the price of HBD is greater than $1.05.

When HBD is between $0.95 and $1.05, it is best to use the internal market. If the price of HBD was $0.98 and you converted it to HIVE, you would lose some money and waste 3.5 days of interest. Here is the internal market.

https://wallet.hive.blog/market