Exchange calculations - how do they do it?

Hi guys

We're skirting close to edge with our savings in one month though likely that won't matter as we won't apply for a while, and this was 5 months ago.

Though that got me thinking, which rate do they use and when do they apply it? Ie. Do they use some site for every morning of each day, or do they just apply today's rate to all the past 6 months (god forbid)

Hi guys

We're skirting close to edge with our savings in one month though likely that won't matter as we won't apply for a while, and this was 5 months ago.

Though that got me thinking, which rate do they use and when do they apply it? Ie. Do they use some site for every morning of each day, or do they just apply today's rate to all the past 6 months (god forbid)

They use the closing spot rate on Onada.com on the day you submit and pay for your application.

This means you can pick a date when the exchange rate is favourable to you, to apply.  Using that exchange rate, your minimum balance must be over the threshold for every day of the full 6 months.

.(f) Income or cash savings in a foreign currency will be converted to pounds sterling using the closing spot exchange rate which appears on www.oanda.com* on the date of application.

https://www.gov.uk/guidance/immigration-rules/immigration-rules-appendix-fm-se-family-members-specified-evidence

Many thanks!