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| Subject: How to convert proof of funds? |
just wanna know what exchange rate will i be using for my proof of funds conversion... is it the rate that corresponds to the date specified on the bank certificate or against the rate appropriate to the to the application filing date.
thanks for ur inputs.
[23-02-2005,04:22]
[***.14.85.241]
lost28 |
How to convert proof of funds? (in reply to: How to convert proof of funds?)
it should be the date of bank certificate, or the date when you prepare your updated personal networth statement form.
sakuragi
[23-02-2005,05:15]
[***.172.21.2]
sakuragi |
(in reply to: How to convert proof of funds?)
Based on CIC Manila´s website, the current rate they are using right now is P45 against the Can dollar.
http://www.dfait-maeci.gc.ca/manila/immig/fees-en.asp
[23-02-2005,06:22]
[***.213.151.55]
Anonymous |
(in reply to: How to convert proof of funds?)
thanks anonymous, but im after the date where to base the conversion. i will be filing my application by March 2 and i´ve got my Bank certificate last February 11, 2005. I´m currently preparing my net worth form, and i´m confused which date to use for the computation.
For the exchnage rate, i shall be using the www.bankofcanada.ca website rate. From the URL you´ve given it seems that there is no direct statement about the currency conversion but rather the fees conversion to peso... for each applicable item. Nevertheless, i just want to ensure that i am understood in this concern.
[23-02-2005,06:45]
[***.14.85.241]
lost28 |
(in reply to: How to convert proof of funds?)
Use following link for currency conversion....it is updated as soon as market fluctuets...always latest
http://finance.yahoo.com/currency?a=1&s=USD&t=INR
Nanu
[23-02-2005,07:07]
[**.150.59.169]
Nanu |
(in reply to: How to convert proof of funds?)
AT my time of application, the rate varied between 2.20 and 2.25 CAD to the GBP.
I used 2.20 so as not to inflate the numbers artificially, and then added a note to inform CIC of the rate I´d used.
It didn´t cause any problem whatsoever - so I´d say pick a reasonable rate, use it, and tell them what you´ve done.
The net worth calculations can only ever be an indicative measure - by the time you actually emigrate, your net worth will have changed based on interest rates, house sales, exchange rate fluctuations, windfalls, tax bills - you name it!
[23-02-2005,10:22]
[***.152.230.220]
tony |
(in reply to: How to convert proof of funds?)
Hi,
Just use the rate that prevails on the day you sign the application. Please make sure you quote the conversion rate you havae used to do the calculations. That should be enough and CIC can do the rest of the maths.
Bests
[24-02-2005,01:21]
[***.158.206.40]
Anonymous |
