ESC

Click the "allow" button if you want to receive important news and updates from immigrationboards.com


Immigrationboards.com: Immigration, work visa and work permit discussion board

Welcome to immigrationboards.com!

Login Register Do not show

currency conversion query

Only for queries regarding Indefinite Leave to Remain (ILR). Please use the EU Settlement Scheme forum for queries about settled status under Appendix EU

Moderators: Casa, John, ChetanOjha, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix

Locked
newbie_2013
Member
Posts: 195
Joined: Thu Jan 31, 2013 10:58 pm

currency conversion query

Post by newbie_2013 » Fri Jul 19, 2013 12:54 am

The UKBA says:
Earnings made overseas must be converted into pounds sterling so that we can assess them. The exchange rate we use is the one produced by OANDA.
You should use the closing spot exchange rate on the OANDA website on the last day of the period for which you have claimed earnings in that currency.


My query is with regards to 'last day of the period' clause.
Eg: if the claiming period is from 1st December 2012 to 31st June 2013. And the last pay was on 25th June 2013, will the 'last day of the period' be 31st June or 25th June?

(I was assuming 31st June is the correct!!!)

I ask this coz there is a significant difference between the two days in exchange rates which could be a serioud problem with my earning points.

cheers

Locked