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Please help......Wrong Exchange Rate in Proof of Funds

tommy tommy

Newbie
Aug 10, 2014
8
0
Dear all,

In calculation of proof of funds, I wrongly used the incorrect exchange rate (0.8) , instead of correct rate (1.1), so the settlement funds in the application was shown in a lesser amount rather than the actual amount.

1. Is it acceptable if the wrong calculated settlement funds is still higher than the required amount for two persons (CAD 14720) ?

2. Is it regarded as misrepresentation or false statement so that my application would be rejected?

Please advise. Many many thanks!!
 

nishesh3003

Champion Member
Jan 14, 2014
1,704
141
Oakville Ontario
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tommy tommy said:
Dear all,

In calculation of proof of funds, I wrongly used the incorrect exchange rate (0.8) , instead of correct rate (1.1), so the settlement funds in the application was shown in a lesser amount rather than the actual amount.

1. Is it acceptable if the wrong calculated settlement funds is still higher than the required amount for two persons (CAD 14720) ? It is acceptable.

2. Is it regarded as misrepresentation or false statement so that my application would be rejected? NO

Please advise. Many many thanks!!