UK Tier 1 Migrant Visa (Bank Balance Exchange rate calcu)

[krishna1215]

Hi,
Its said 2,800 pounds has to be maintained in the bank and its should fall less than that for period of 3 months.

On which date is the exchange range calculated.

Is it on the date of submission of Online Application. I submitted online application recently and got a date for the appointment where I need to get to the embassy.

Is it calculated on the day I go and submit my documents or is the exchange rate calculated on date of application submission made online.

Could you guys please share your experience on this.

[mvent00]

It would be counted as on the date of your application.

Quote from Guidance:
198.....The exchange rate of overseas currency will be made using the OANDA rate conversion on the date of application.

Hi,
Its said 2,800 pounds has to be maintained in the bank and its should fall less than that for period of 3 months.

On which date is the exchange range calculated.

Is it on the date of submission of Online Application. I submitted online application recently and got a date for the appointment where I need to get to the embassy.

Is it calculated on the day I go and submit my documents or is the exchange rate calculated on date of application submission made online.

Could you guys please share your experience on this.

[ypkr]

For the funds maintenance it is clear that the exchange rate should be considered for the last date of claim period. Which means, if I claim for 90 days, the 90th days conversion rate to be cosidered.

What about previous earnings ? Even for this it has been mentioned as "last day of the period for which he/she has claimed earnings in that currency". Does it mean the conversion rate on the last salary credited date in that country ?

[push]

For the funds maintenance it is clear that the exchange rate should be considered for the last date of claim period. Which means, if I claim for 90 days, the 90th days conversion rate to be cosidered.

What about previous earnings ? Even for this it has been mentioned as "last day of the period for which he/she has claimed earnings in that currency". Does it mean the conversion rate on the last salary credited date in that country ?

See what mvent has said above

[ypkr]

I have seen it.
But, when I write Cover letter, I am mentioning the total income (Gross) in equivalent GBP after multiplication factor, for which I need to mention actual conversion rate.
Do you mean that, what ever we mention in the cover letter or anywhere, they just see the actual conversion rate on the date of application ?? Plz solve my confusion.

[ChetanOjha]

I have seen it.
But, when I write Cover letter, I am mentioning the total income (Gross) in equivalent GBP after multiplication factor, for which I need to mention actual conversion rate.
Do you mean that, what ever we mention in the cover letter or anywhere, they just see the actual conversion rate on the date of application ?? Plz solve my confusion.

Earnings Conversion: conversion rate of the last day of your earning period.
Maintenance Fund Conversion: conversion rate of the date of application.

Hope above solve your confusion.