Financial Means Statement

[RoshanMasood]

Hello this is Roshan.

My case specifications are

Aor May 23rd

Med passed 7th June

I submitted my proof of funds in PKR amount. We are family of 4. At the time of MY AOR value of funds in CAD was 26500 to be exact. Since than or in last 4 weeks PKR has deprecated by 5% hence value of funds in CAD has depleted.

So my main query is which CAD to PKR parity will Canadian immigration apply to my case.
Will they consider conversation rate at the date of my application submission or the date on which the funds are actually verified ?

Is there anything that I can do to maybe strengthen my case in terms of funds. Shall I write a mail to cic.

 

[navinball]

Hello this is Roshan.

My case specifications are

Aor May 23rd

Med passed 7th June

I submitted my proof of funds in PKR amount. We are family of 4. At the time of MY AOR value of funds in CAD was 26500 to be exact. Since than or in last 4 weeks PKR has deprecated by 5% hence value of funds in CAD has depleted.

So my main query is which CAD to PKR parity will Canadian immigration apply to my case.
Will they consider conversation rate at the date of my application submission or the date on which the funds are actually verified ?

Is there anything that I can do to maybe strengthen my case in terms of funds. Shall I write a mail to cic.

I think they will recalculate during eligibility review and ask for bank statement again if funds are low.

 

[deanbentleyfalcke]

Hello this is Roshan.

My case specifications are

Aor May 23rd

Med passed 7th June

I submitted my proof of funds in PKR amount. We are family of 4. At the time of MY AOR value of funds in CAD was 26500 to be exact. Since than or in last 4 weeks PKR has deprecated by 5% hence value of funds in CAD has depleted.

So my main query is which CAD to PKR parity will Canadian immigration apply to my case.
Will they consider conversation rate at the date of my application submission or the date on which the funds are actually verified ?

Is there anything that I can do to maybe strengthen my case in terms of funds. Shall I write a mail to cic.

Hi Roshan,

All of the above. My understanding is each time your proof of funds is verified, they will use the spot conversion at that time. Therefore, what I'm doing is using a Google Sheet to track the current value of my proof of funds savings in CAD$ regularly to ensure I don't dip below, and top up in local currency where needed.

Remember, you'll need to verify on landing as well.

Here's me tracking mine since March, and remember, that's all forex moves (Thanks South African Rand) so I'm constantly ensuring that it doesn't dip below $16000 just to be safe

 

[RoshanMasood]

Thank you everyone for the encouraging replies