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CAD exchange rate increasing after AOR

imrankhan2015

Star Member
Oct 13, 2015
184
31
Hi,

I submitted my application in April 2017. At the time of submission, I was required to have CAD 32,200 as proof of funds (For a family of 7). I have bank account in Pakistani currency (PKR).

1 CAD was around 77 PKR at that time, so I had more than 2.5 Million PKR in April 2017 and I submitted my bank statement. No issues...

I received request to submit new bank statement, at that time, 1 CAD was around 84 PKR, so I submitted bank statement of around 2.7 Million PKR.

Now, the thing is.. CAD to PKR exchange rate is always increasing and currently the exchange rate is more than 85.5 PKR and the required amount in PKR is 2.76 Million.

So, my question is, should I continue adding more and more money in my bank account or the exchange rate at the time of AOR will be applicable on my application?
 

santosh3086

Star Member
Feb 22, 2017
193
124
Hi,

I submitted my application in April 2017. At the time of submission, I was required to have CAD 32,200 as proof of funds (For a family of 7). I have bank account in Pakistani currency (PKR).

1 CAD was around 77 PKR at that time, so I had more than 2.5 Million PKR in April 2017 and I submitted my bank statement. No issues...

I received request to submit new bank statement, at that time, 1 CAD was around 84 PKR, so I submitted bank statement of around 2.7 Million PKR.

Now, the thing is.. CAD to PKR exchange rate is always increasing and currently the exchange rate is more than 85.5 PKR and the required amount in PKR is 2.76 Million.

So, my question is, should I continue adding more and more money in my bank account or the exchange rate at the time of AOR will be applicable on my application?
I think they consider the currency exchange rates at the time of submission. I would still suggest to maintain sufficient funds as per the current exchange rates if in case they request for the latest Bank statement or proof.

Similar discussion:
https://www.canadavisa.com/canada-immigration-discussion-board/threads/currency-fluctuations-proof-of-funds.392396/