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Which day currency rates are applied?

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

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jalal.din
Newbie
Posts: 45
Joined: Wed Jan 17, 2007 9:56 am
Location: London

Which day currency rates are applied?

Post by jalal.din » Sun Apr 15, 2007 7:42 pm

Hi,
I want to apply for HSMP. In past earnings area; If I apply the currency conversion rates of last one year then I can secure the 35 points. But if I apply current rates then I am lacking 20 BP. Exactly which day's currency rates are used? The assessment day rates or the day when I earned an amount?

regards,
jalal
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oli_ro
Newly Registered
Posts: 24
Joined: Fri Mar 03, 2006 8:57 pm

Post by oli_ro » Sun Apr 15, 2007 7:52 pm

I think they apply the exchage rate from the date of the last payslip.

There is a sticky post in this forum section with guidance notes about previous earnings. IT is mentioned there, I think.
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hemal_p
Newbie
Posts: 40
Joined: Mon Mar 12, 2007 3:15 pm
Location: London

Post by hemal_p » Tue Apr 17, 2007 12:52 pm

Any previous applicants can help me on this. How did you calculate the previous earnings?
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jagacharaja
Member
Posts: 140
Joined: Thu Jan 25, 2007 8:49 pm
Location: UK

Post by jagacharaja » Wed Apr 18, 2007 3:19 am

oli_ro wrote:I think they apply the exchage rate from the date of the last payslip.
This is my understanding as well. I was referred to oanda.com by the customer service rep on the HSMP helpline when I did my app around Jan.
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