Where your ‘total savings’ is that number which is the lowest number your saving have been at during the past 6 month period. NOT necessarily what your saving are today..? Have I got that right..?
My savings today may well be much higher than they were 6 months ago, yet I have to use the lowest figure. (Or at least, they use the lowest figure)..?
Yes. It’s the lowest savings figure recorded in each account during the 6 months.
This is where it gets confusing as the date of my lowest figure in my Lloyd's account, doesn’t tally with the date of the lowest figure in my US Barclays account.
So I would need to pluck out these two lowest figures from each account, Use today’s OANDA to find the conversion rate to change my $ to ₤, then add these two lowest figures together to find the lowest total..!!
OR do I leave all those calculations to the Entry Clearance Officer..?
I would do it yourself, then they can check your calculation against theirs, and you can also include evidence f the Oanda rate on that day as well.
I also notice that OANDA’s website exchange rate is live. At what time of day does this rate close..? And does this mean I can’t file my application until this rate closes..?
My Head hurts...
You’re overthinking it. It’s not all that complicated.
An example:
- say the lowest amount in your U.K. account was £35,000 on Jan 31st 2020
- say the lowest amount in your US account was $40,000 on April 1st.
The Oanda exchange rate for $40,000 right now is £31,791
Therefore your savings amount if you were to apply today is:
£35,000 + £31,791 = £66,791
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