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Difference Between Standard And Convertible RI EC2 In AWS
| | Standard | Convertible |
|---|
| Terms | 1 year, 3 years | 1 year, 3 years |
| The average discount off On-Demand price | 40% – 60% | 31% – 54% |
| Change AZ, instance size, networking type | Yes, via ModifyReservedInstance API or console | Yes, via ExchangeReservedInstance API or console |
| Change instance family, OS, tenancy, and payment options | No | Yes |
| Benefit from price reductions | No | Yes |