Exchange rate fluctuation-After AOR

[kearun]

Hi experts
I have read that at the time of eligibility check,when calculating POF amount should be equal to or more than LICO mentioned on CIC website(conversion as per exchange rate in bank of Canada).My question is are they going to use the 'current Balance' figure mentioned in the bank letter for conversion(mine is a combination of savings 3% and FD 97% of total) or 6 month average figure mentioned in the bank letter?
Thanks in advance.

PS: On the day of my AOR, both Balance figure(as on letter issue date) and 6 month average figure are well above the required fund based on that day's exchange rate.

 

[hamgha]

Hi experts
I have read that at the time of eligibility check,when calculating POF amount should be equal to or more than LICO mentioned on CIC website(conversion as per exchange rate in bank of Canada).My question is are they going to use the 'current Balance' figure mentioned in the bank letter for conversion(mine is a combination of savings 3% and FD 97% of total) or 6 month average figure mentioned in the bank letter?
Thanks in advance.

PS: On the day of my AOR, both Balance figure(as on letter issue date) and 6 month average figure are well above the required fund based on that day's exchange rate.

There was a note on my gcms notes about this
The week after we submotted the exchange rate fluctuated a lot. An agent wrote that review was required because as of the date he checked it was just under the amount but the officer s comments after ir was that they were satisfied. No updated pof was requested.

 

[kearun]

There was a note on my gcms notes about this
The week after we submotted the exchange rate fluctuated a lot. An agent wrote that review was required because as of the date he checked it was just under the amount but the officer s comments after ir was that they were satisfied. No updated pof was requested.

Thanks.I have seen some posts saying that officers check the figures based on the conversion rate of AOR.Not sure it is true?Have you got PPR?

 

[hamgha]

Thanks.I have seen some posts saying that officers check the figures based on the conversion rate of AOR.Not sure it is true?Have you got PPR?

Yes

 

[kearun]

Yes

Thanks.I assume Yes for both the answers.

 

[hamgha]

Thanks.I assume Yes for both the answers.

Yes for the second one. No one knows how the agents really workm if it had been at my AOR there wouldn't have calculated it to be less