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Maintenance funds

Archived UK Tier 1 (General) points system forum. This route no longer exists.

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

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mmh
Newly Registered
Posts: 5
Joined: Mon Apr 28, 2008 12:38 pm

Maintenance funds

Post by mmh » Sat Sep 13, 2008 10:43 am

On the UK Border Agency website, it is said they use the rate on OANDA website to convert foreign currency to pounds. I am wondering which "interbank rate" do they use to convert? Is it the default one in the drop down list or the ones with additional percentage? like, "Typical cash rate: 4%"? I am asking as I have saved the money for 2800 pounds with the "interbank rate" and have kept that for a while...

Thanks very muchï¼

Snoozles
Newbie
Posts: 47
Joined: Fri Sep 12, 2008 11:32 pm

Post by Snoozles » Sat Sep 13, 2008 11:00 am

I read that they sometimes use your application date.

However, I think that you should use the worst case scenario route, and use the highest / lowest exchange rate possible for your salary / maintenance funds.

geriatrix
Moderator
Posts: 24755
Joined: Fri Mar 17, 2006 3:30 pm
Location: does it matter?
United Kingdom

Post by geriatrix » Sat Sep 13, 2008 3:10 pm

Life isn't fair, but you can be!

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