Hi All,
Sorry to start another similar thread but I would appreciate some more advice. I got an ITA on 29th June and submitted PR application and got AOR on 1st July. I had my bank statements for pof account all stamped and signed by the bank manager, and I downloaded a pdf of The Bank of Canadas exchange rate as it is accepted by the Canadian Revenue for GBP to CAD. Just before I submitted, I checked the exchange rate again and it had fallen, so I quickly transferred some more money into our pof account, downloaded an online banking statement and included a letter of explanation and an updated currency conversion, as well as the original currency conversion.
This morning I checked the exchange rate and it had fallen again, even though I was over the lico when I received AOR, and on the advice of members of this forum I transferred more money so that we once again exceeded the lico by several hundred dollars. I then submitted a CSE with the updated bank balance, updated currency concersion and a letter of explanation.
I have just checked the exchange rate and the stupid thing has fallen again!!! Due to the time difference it is difficult to keep up, as by the time the exchange rate in Canada updates, my bank is closed so and transfers go through next working day, and then its the same situation again.
Am I supposed to transfer more money and do another CSE? Do I need to do CSEs each time the exchange rate changes?
Sorry to start another similar thread but I would appreciate some more advice. I got an ITA on 29th June and submitted PR application and got AOR on 1st July. I had my bank statements for pof account all stamped and signed by the bank manager, and I downloaded a pdf of The Bank of Canadas exchange rate as it is accepted by the Canadian Revenue for GBP to CAD. Just before I submitted, I checked the exchange rate again and it had fallen, so I quickly transferred some more money into our pof account, downloaded an online banking statement and included a letter of explanation and an updated currency conversion, as well as the original currency conversion.
This morning I checked the exchange rate and it had fallen again, even though I was over the lico when I received AOR, and on the advice of members of this forum I transferred more money so that we once again exceeded the lico by several hundred dollars. I then submitted a CSE with the updated bank balance, updated currency concersion and a letter of explanation.
I have just checked the exchange rate and the stupid thing has fallen again!!! Due to the time difference it is difficult to keep up, as by the time the exchange rate in Canada updates, my bank is closed so and transfers go through next working day, and then its the same situation again.
Am I supposed to transfer more money and do another CSE? Do I need to do CSEs each time the exchange rate changes?
