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Clarification on funds maintenance

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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light_tunnel
Junior Member
Posts: 50
Joined: Sat Oct 02, 2010 8:07 am

Clarification on funds maintenance

Post by light_tunnel » Sat Oct 02, 2010 8:25 am

Please let me know what would be the fund maintenance equivalent in the local currency as the GBP fluctuates day to day.
If I am applying today would the currency rate be considered as of today or an average of few days. Is there any authorized site which can be used for this conversion process of funds.

From
http://www.oanda.com/currency/converter/
1GBP = 70.34 INR

Unfortunately on one of the day in the 3 months my balance came down to 204000 INR and hence is it safe to apply.

Thanks all for your time and help.

Cheers,
Sam

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

Post by geriatrix » Sat Oct 02, 2010 11:12 am

204. The exchange rate of overseas currency will be made using the OANDA rate conversion on the date of application.

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