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Exchange rate

Newbie
Oct 26, 2019
3
0
I created my bank account several months ago. My family has 2 members. The required amount of money (CIC) is 15772 CAD. I receive ITA last week and Im gonna submit my application a few next days.

With the current exchange rate
Month 1: 15725 (<15772)
Month 2: 15725
Month 3: 15725
Month 4: 15725

At month 5 I add some more money to my account

Month 5: 16200
Month 6: 16200

Is that ok if the first 4 months I dont have enough money that CIC requires in my account??? It is slightly less than the requirement
 
The POF letter you will submit will have to show the required amount at the time of assessing your Eligibility.

So let’s say you submit POF with the amount < required. If the exchange stays the same at the time of IRCC officer assessing your Eligibility your application will be rejected.

You need to make sure that you have enough to show even with the bad exchange rage before you submit your application.

Adding money after you submit your POF won’t help as CIC doesn’t have access to your bank account and will rely on the POF letter you provided.

If you are talking about an average 6 month balance, I am not sure how you are going to pull that off because you got an ITA and you will have 60 days to submit your application including the POF letter. You will need to have 6 month average balance before you submit your application