Exchange Rate for Maintaince funds

[adnanmanzoor]

There is a requirement of 2800 GBP for freezing period of 90 days so how do BHC evaluate this? Does they take the exchange rate of that particular day from ONADA and multiply it with the cash funds in local currency held in the account or they take average? Pound has been on the continuous decline in recent times i.e. it jumped from PKR 140 to PKR 120 in just two months so if this rate is maintained, the funds requirements shall be lower and lower?
I need your help and suggestions on this please?

[aruni4470]

There is a requirement of 2800 GBP for freezing period of 90 days so how do BHC evaluate this? Does they take the exchange rate of that particular day from ONADA and multiply it with the cash funds in local currency held in the account or they take average? Pound has been on the continuous decline in recent times i.e. it jumped from PKR 140 to PKR 120 in just two months so if this rate is maintained, the funds requirements shall be lower and lower?
I need your help and suggestions on this please?

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

http://www.ukba.homeoffice.gov.uk/sitec ... idance.pdf