Currency rate fluctuations have already taken over CAD1800 from my POF

[ranjangaur4]

We submitted our application on August 6/7th (so almost 2 months ago) and our POF at the time was CAD 2200 more than the minimum for our 4 people family. Right after submission, this oil and trade war nonsense strarted and so far our POF when exchanged to CAD has decreased by CAD1800 with only an extra CAD400 buffer left. The way things are going, it looks like it will very likely dip below the minimum at some time during this/next month.
Can anyone who has been through this inform what does this mean for our application? Should we prepare a new, updated POF? Do they even bother to ask for a new one at this stage? Is this something to be worried? Obviously, we planned for some currency fluctuations initially, just did not expect things to turn out this crazy.

 

[cansha]

We submitted our application on August 6/7th (so almost 2 months ago) and our POF at the time was CAD 2200 more than the minimum for our 4 people family. Right after submission, this oil and trade war nonsense strarted and so far our POF when exchanged to CAD has decreased by CAD1800 with only an extra CAD400 buffer left. The way things are going, it looks like it will very likely dip below the minimum at some time during this/next month.
Can anyone who has been through this inform what does this mean for our application? Should we prepare a new, updated POF? Do they even bother to ask for a new one at this stage? Is this something to be worried? Obviously, we planned for some currency fluctuations initially, just did not expect things to turn out this crazy.

Disclaimer not in same situation.

But you don't have to worry. Officially CIC states that the exchange rate is locked at the date of submission of application. However, in some cases they do ask for updated proof of funds. But if that is the case they will send you a request for that. For now sit tight and do not worry.

 

[ranjangaur4]

Disclaimer not in same situation.

But you don't have to worry. Officially CIC states that the exchange rate is locked at the date of submission of application. However, in some cases they do ask for updated proof of funds. But if that is the case they will send you a request for that. For now sit tight and do not worry.

Alright! Thanks much! That sounds very reasonable!

 

[engrazafar]

Alright! Thanks much! That sounds very reasonable!

I am in the same situation. How did your case go? Did they ask for updated POF?

 

[ranjangaur4]

I am in the same situation. How did your case go? Did they ask for updated POF?

Nothing really... at its worst we were still 200-300 cad above the necessary and now with the rate improving considerably it looks like we are back to cad 2400 above the limit. No additional documents asked as of yet.
For those that came below, there are two kinds of applicants - some choose to submit an updated POF before even being asked just to ensure that case isnt rejected, however, risking delaying reviewing yet new documents and those waiting for adr if needed. Generally it seems like its not too much of a concern, although i have seen a couple cases where application was rejected due to this. I suppose each officer reviews things differently and it may be upon your luck if you get someone who scrutinizes less.