Australian Consular rate of exchange question

[fleaflyfloflum]

Hi

I found this page on the UK Australia consular website


http://ukinaustralia.fco.gov.uk/en/visas/fees

It states there that their current rate of exchange when applying it to visa fees is $2.25AU to the GB pound.

Can anyone confirm

A) That this is the current rate considering the huge drop in the dollar?

B) Is this same exchange rate used to assess your amount of savings and finances in GB pounds when you apply for your visa?

[fleaflyfloflum]

anyone?

[Vanadil]

Hi fleaflyfloflum,

I've just had a look at the link and from what I can see the current exchange rate they are using is £1 = $2.60.

I'm am unsure if the exchange rate used will be the one in use on the date when you submit your application, or when it actually comes up for evaluation. I would get in touch with the HO and ask first before you proceed just to be safe.

[fleaflyfloflum]

Hi fleaflyfloflum,

I've just had a look at the link and from what I can see the current exchange rate they are using is £1 = $2.60.

I'm am unsure if the exchange rate used will be the one in use on the date when you submit your application, or when it actually comes up for evaluation. I would get in touch with the HO and ask first before you proceed just to be safe.

Well thankyou for at least answering my post Vanadil!

I have just gone in and looked again and they have changed it since yesterday!! When i first looked it said 2.25.

[SMOOTH OPERATOR]

[Vanadil]

Ah ha.... I have consulted a book... The answer to most problems on these matters.

It states that as long as you have bank statements for the past 3 months proving that you had the equivlent to £2800 at whatever the varying exhchange rates are then that is what is processed with your application.

So this means that you might need to keep an eye on the exchange rates and keep topping up if they dip (2.25 to 2.6 is quite a change). Or just have something like £3500 if possible to just make certain.

I hope this is helpful

[fleaflyfloflum]

Ah ha.... I have consulted a book... The answer to most problems on these matters.

It states that as long as you have bank statements for the past 3 months proving that you had the equivlent to £2800 at whatever the varying exhchange rates are then that is what is processed with your application.

So this means that you might need to keep an eye on the exchange rates and keep topping up if they dip (2.25 to 2.6 is quite a change). Or just have something like £3500 if possible to just make certain.

I hope this is helpful

Once again, thanks for your efforts Vanadil. I had already found out about the £2800 and you are right that rising from 2.25 to 2.60 in 24hrs is a large jump, but that is why i posted my question in the first place.
I am fully aware of the volatitily in the financial world recently and knew the Aussie dollar had jumped HIGHER than 2.6 over the last week, so was surpised when the website was saying 2.25 only 2 days ago.
Maybe it was a typing error.

[Vanadil]

According to http://www.xe.com/ its now 2.45 today. Utter madness.