MrsF:

I was debited too but he said he cant say for now

When exactly was the form filled and what bank?

fizzile:
When exactly was the form filled and what bank?

Two weeks ago Access Bank

Please I need clarification from anyone that understands how Oanda works. The dollar rate was quoted at 253/dollar today. I checked the rate on Oanda and I saw 197.302/dollar and 283.182 for a pound.

My question is these:
1-How does Oanda rate arrived at?
2-Is it going to remain like this for a period of time before they effect the new rate?

I am asking the question because I have kept money in my account since 3 weeks back for the purpose of using it for my Visa application before the new policy was introduced. The 28 days mark will be reach next week end. So I am bit scared about thee new policy and its implication on oanda rate by the time of making my application.

Your response will be greatly appreciated. Thank you.

MrsF:

Two weeks ago Access Bank

Mine is 3weeks plus. What I did was to call my school to confirm if they have received any payment, and they said they will get back to me. Have waited for this so-called telex for so long from my bank. Just try calling your school.

Timm:
Please I need clarification from anyone that understands how Oanda works. The dollar rate was quoted at 253/dollar today. I checked the rate on Oanda and I saw 197.302/dollar and 283.182 for a pound.

My question is these:
1-How does Oanda rate arrived at?
2-Is it going to remain like this for a period of time before they effect the new rate?

I am asking the question because I have kept money in my account since 3 weeks back for the purpose of using it for my Visa application before the new policy was introduced. The 28 days mark will be reach next week end. So I am bit scared about thee new policy and its implication on oanda rate by the time of making my application.

Your response will be greatly appreciated. Thank you.

Meehhnn am really scared too. Just imagining depositing money again and waiting for another 28days. This kind policy sef.

Called my account officer Today at first Bank, concerning the new Pounds rate due to the CBN flexible forex policy.

She said CBN gave them a directive to hold on transactions at the moment concerning Form A, till they set the new Pounds exchange rate.

Gosh.......am so scared now, just praying it doesn't go more than 320. Cos i haven't even paid my tuition yet.

@Justwise: I am new on this forum but I have read a lot in here. Your consistency has been amazing chief! Keepirrup! I applied for General visitor visa late last year buh was denied. The major reason for the denial, according to them, was because they were not really convinced that I owned the money in the bank statement I submitted as part of my supporting documents. Undettered, I intend to apply for a tier 4 student visa for my master's programme. The university I applied to granted me scholarship in respect of my tuition fee in an amount that is quite substantial. An account was opened in my name wherein I have deposited the outstanding tuition fee and the cost of maintenance thanks to a samaritan who helped with the funds. I am waiting for the 28 days to lapse before obtaining the bank statement and applying for CAS. My worry is whether the Home Office will be interested in how I came about the funds and whether I will be mandated to evidence documents to prove the funds. What do you think, justwise?

Timm:
Please I need clarification from anyone that understands how Oanda works. The dollar rate was quoted at 253/dollar today. I checked the rate on Oanda and I saw 197.302/dollar and 283.182 for a pound.

My question is these:
1-How does Oanda rate arrived at?
2-Is it going to remain like this for a period of time before they effect the new rate?

I am asking the question because I have kept money in my account since 3 weeks back for the purpose of using it for my Visa application before the new policy was introduced. The 28 days mark will be reach next week end. So I am bit scared about thee new policy and its implication on oanda rate by the time of making my application.

Your response will be greatly appreciated. Thank you.

You have nothing to worry about. The UKBA will use the rate as at the date of your printing out the statement of account. All you need to pray about is that the rate should still remain the same till that day you will print it out.

Once you print it out and the rate changes the next day, it does not affect you again. Just go and do your interview.

when your 28 days is over, you print your statement out and write on either your application form or statement of account boldly the exchange rate as at that particular day you printed it out of your account. It is the Oanda exchange rate of that day they will use.

This is why i suggested that everyone should at least add extra 500k to any money they will put in the account for 28 days.

Cheers

chucksbadt:
Called my account officer Today at first Bank, concerning the new Pounds rate due to the CBN flexible forex policy.

She said CBN gave them a directive to hold on transactions at the moment concerning Form A, till they set the new Pounds exchange rate.

Gosh.......am so scared now, just praying it doesn't go more than 320. Cos i haven't even paid my tuition yet.

Bro nothing to worry yourself about. Naira is already appreciating against the Pounds. I can tell you that it can never exceed 340 with Form A or bank rates. I don't also see the Oanda exchange rate exceeding 340 at the worst case scenario.

Please note

If the rates should exceed 340, OlowoB will not be held liable as what was written up there is based on my own forecast. cheers.

chucksbadt:
Called my account officer Today at first Bank, concerning the new Pounds rate due to the CBN flexible forex policy.

She said CBN gave them a directive to hold on transactions at the moment concerning Form A, till they set the new Pounds exchange rate.

Gosh.......am so scared now, just praying it doesn't go more than 320. Cos i haven't even paid my tuition yet.

I heard Form A is no longer available. I don't knw how true this information is. Have u filled the form A or u are yet to?

OlowoB:


Bro nothing to worry yourself about. Naira is already appreciating against the Pounds. I can tell you that it can never exceed 340 with Form A or bank rates. I don't also see the Oanda exchange rate exceeding 340 at the worst case scenario.

Please note

If the rates should exceed 340, OlowoB will not be held liable as what was written up there is based on my own forecast. cheers.

OlowoB,please I want to get something straight. Before I paid part of my tuition, I had both my tuition and my maintenance fee in the account. The money has been there for over one month if not more than 2months. Now,I paid part of my tuition some weeks ago and the balance of the tuition and the maintenance fee are still there in the account. Do I still need to wait for 28days? Or can I go and print out the statement now that the pound rate is till same. Please tell me ooooo,so I know what to do. Don't want this rate to affect me at this moment.

OlowoB:


Bro nothing to worry yourself about. Naira is already appreciating against the Pounds. I can tell you that it can never exceed 340 with Form A or bank rates. I don't also see the Oanda exchange rate exceeding 340 at the worst case scenario.

Please note

If the rates should exceed 340, OlowoB will not be held liable as what was written up there is based on my own forecast. cheers.

Mr olowoB...lol, no one is holding you liable for anything. The fact is that the stuff is just scary. No one can really predict what's going to happen.

Before Friday sha i believe the new Rates should be spelt out to the Public.

God be with us

obynwanyioma:

I heard Form A is no longer available. I don't knw how true this information is. Have u filled the form A or u are yet to?

Lol......u too fear sef. No one is stopping form A.
Even if they do, they will come up with something better

You don't have to wait 28 days again as the part tuition fee will show on CAS anyways. If you've got you CAS, you fit print and apply na.

fizzile:
OlowoB,please I want to get something straight. Before I paid part of my tuition, I had both my tuition and my maintenance fee in the account. The money has been there for over one month if not more than 2months. Now,I paid part of my tuition some weeks ago and the balance of the tuition and the maintenance fee are still there in the account. Do I still need to wait for 28days? Or can I go and print out the statement now that the pound rate is till same. Please tell me ooooo,so I know what to do. Don't want this rate to affect me at this moment.

MEREIJE2:



pls i need help in the area of international pasport

what help do u need ?

MrsF:

My account officer pointed out that if the payment of the tuition fees(form A) had not gone through before the policy was introduced the new rate may affect it depending and yes the official rate would also be affected meaning it would affect the maintenance thats what my account officer said as at friday. So fingers crossed till Monday you can also get in touch with your bank. Has your payment been received by the school?

Hi, has ur bank processed ur form A, has ur payment been received by d sch? I'm also processing d form A thru Access bank, but I did mine last week thursday, still waiting for the allocation.. so confused

Bourne007:
You don't have to wait 28 days again as the part tuition fee will show on CAS anyways. If you've got you CAS, you fit print and apply na.

Haven't gotten my CAS yet. My bank is really delaying sending my telex which i need to forward to the school for confirmation. What am asking is can i print my statement of account and keep for now as the entire money for tuition and maintenance was already in my account for more than one month the part payment was deducted or do i still need to wait for 28days. cc: OlowoB and Justwise

;

chucksbadt:



Lol......u too fear sef. No one is stopping form A.
Even if they do, they will come up with something better

If you haven't gotten your CAS, no point printing out your bank statement mate. Funds must have been in your account for 28 days ending no more than 31 days prior to the date of your application.

fizzile:
Haven't gotten my CAS yet. My bank is really delaying sending my telex which i need to forward to the school for confirmation. What am asking is can i print my statement of account and keep for now as the entire money for tuition and maintenance was already in my account for more than one month the part payment was deducted or do i still need to wait for 28days. cc: OlowoB and Justwise

Bourne007:
If you haven't gotten your CAS, no point printing out your bank statement mate. Funds must have been in your account for 28 days ending no more than 31 days prior to the date of your application.

That means there is every possibility that i might have to fund my account again if the rate changes on Oanda. This is no good news at all.

fizzile:
That means there is every possibility that i might have to fund my account again if the rate changes on Oanda. This is no good news at all.

Calm down fizzle.. lets just hope for the best, I ve faith,.. though i'm almost losing my mind

obynwanyioma:

Calm down fizzle.. lets just hope for the best, I ve faith,.. though i'm almost losing my mind

Its so annoying. Just annoyed why the cbn didnt grant me full forex i applied for. kaiii jesu christi...lololzzz.. ole ebe mmadu ga ebi do? Another 28days na war oooo...and probably pounds could be like 350

fizzile:
Its so annoying. Just annoyed why the cbn didnt grant me full forex i applied for. kaiii jesu christi...lololzzz.. ole ebe mmadu ga ebi do? Another 28days na war oooo...and probably pounds could be like 350

Calm down nwokeoma, ur own better sef. Atleast the granted u half of ur request, what of people like us that haven't even goten quarter forex?? Have u contacted ur account oficer? Though tins are not looking nice,lets just be optimistic. Meanwhile just try and have some oranges with ice cubes , it's refreshing and relaxing. I was almost losing my mind due to this forex probs, I had to create this therapy for myself and trust me, it calmed me down

obynwanyioma:

Calm down nwokeoma, ur own better sef. Atleast the granted u half of ur request, what of people like us that haven't even goten quarter forex?? Have u contacted ur account oficer? Though tins are not looking nice,lets just be optimistic. Meanwhile just try and have some oranges with ice cubes , it's refreshing and relaxing. I was almost losing my mind due to this forex probs, I had to create this therapy for myself and trust me, it calmed me down

Well, lets see how it goes. But come to think of it, you prepared just for yourself.. kaiiii...so bad...what a friend

Cc fizzile owoloB justwise

There is Fire on the Mountain oooo!!!!!!

Pounds to naira official CBN exchange Rate is now 413.75 to one Pound.

Gosh.......which kind whahala be this na!!!!

Even if it's going to go down, how long will one wait

chucksbadt:
Cc fizzile owoloB justwise

There is Fire on the Mountain oooo!!!!!!

Pounds to naira official CBN exchange Rate is now 412.75 to one Pound.

Gosh.......which kind whahala be this na!!!!

Even if it's going to go down, how long will one wait

Oga chucks, abeg no give us higher BP oooo.. whats your source please? cos i can't find it anywhere oooo

fizzile:
Oga chucks, abeg no give us higher BP oooo.. whats your source please? cos i can't find it anywhere oooo

Just edited my post.......uploaded it

chucksbadt:



Just edited my post.......uploaded it

Bro i doubt that your source. Google can't be relied on at this point in time. Even ab0ki dot com no even out that kind rate. Not true
1.00 GBP = 292.214 NGN
British Pound ↔ Nigerian Naira
1 GBP = 292.214 NGN 1 NGN = 0.00342215 GBP
Convert again
NGN/GBP thumbnailView Chart
Mid-market rates: 2016-06-20 22:01 UTC

chucksbadt:



Just edited my post.......uploaded it

Is that not black market rate?

fizzile:

Bro i doubt that your source. Google can't be relied on at this point in time. Even ab0ki dot com no even out that kind rate. Not true
1.00 GBP = 292.214 NGN
British Pound ↔ Nigerian Naira
1 GBP = 292.214 NGN 1 NGN = 0.00342215 GBP
Convert again
NGN/GBP thumbnailView Chart
Mid-market rates: 2016-06-20 22:01 UTC

Guy av been using Google converter for years now.....its very accurate.
As at this morning, the pound was trading at 284 on Google converter.

The fact is that we are in for a long run. The price might drop, but as per wen, no one knows!

That's the official rate we are facing at the moment

obynwanyioma:

Is that not black market rate?

CBN rate dear....
All currencies were Affected. They said it will drop tho, no one really knows wen.

obynwanyioma:

Hi, has ur bank processed ur form A, has ur payment been received by d sch? I'm also processing d form A thru Access bank, but I did mine last week thursday, still waiting for the allocation.. so confused

After i was debited 2 weeks ago all they said was wait this is the 3rd week and now they said everything is on hold till the new rates are announced. Called today same response theres no need to call the school cos you would have received a telex copy if the school has received the money