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critical: exchange rate can make all the difference

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

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

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vmitt
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Posts: 9
Joined: Sat May 15, 2010 3:49 pm

critical: exchange rate can make all the difference

Post by vmitt » Mon May 17, 2010 10:54 pm

Dear gurus,

I have to apply for tier-1 in next few days as time is running short for me from earnings point of view. Here is my question which looks similar to above but is very different which makes the difference between me qualifying / disqualifying.

I am claming earnings as below (my entire 12 months period earnings are in INR)

1 st March 2009 - 2nd January 2010(physically in india , eanring in INR) : will apply uplift factor 5.3


3rd Jan - 17th feb (physically in UK but earning in INR) : without uplift factor

18th feb - 28th feb 2010 physcially in india, earning in INR : with uplift factor

My all earnings are in INR, single currency , so I am applying the exchange rate on 28 feb 2010 for entire earnings (with or without uplift factor as described above) .
If I take exchange rate on every split for e.g
from 1st mar to 2nd jan 2010 : applying exchange rate of 2nd jan 2010
3rd Jan - 17th feb : applying exchange rate on17th feb 2010
and similarly for others then I dont qualify.

Please please gurus / moderators , clarify this exchange rate issue as it is taking my sleep off and I have to apply within days as my earning case is just on border.

Many thanks in advance.

Vishal.

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

Post by geriatrix » Tue May 18, 2010 1:29 am

Please don't make multiple posts on the same topic.

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