Please ask when the exchange rate is used to calculate the deposit for studying in Australia

Let me give you a detailed answer:

When you prepare your financial guarantee, it is common sense that it should be greater than the amount you should submit. However, when the embassy calculates whether your financial guarantee is sufficient, it is calculated according to the exchange rate on the day you submit the visa, of course, the total funds provided by you on the day of submitting the visa must be greater than the amount of the financial guarantee calculated by you according to the exchange rate on that day. It's okay not to be much, but it's better not to be flat.

After that, any changes in the exchange rate have nothing to do with you, even if the exchange rate is ** again, there is no need to worry.

Now is not the peak of visa submission, but it is the off-season in Australia, because it is the end of the year there, and there is still more than a month to pass Christmas, relatively speaking, the current processing speed has slowed down, and the recent cycle is basically about 2 months, so you must fully consider your start date before submitting, and give your own visa processing approval enough time.

The deposit is more than 600,000 RMB. Regardless of the exchange rate. The duration of the visa is about 40 days. The e-Visa is faster.

According to the exchange rate on the day of submitting the visa, the exchange rate is not high now, although it is unlikely that the appreciation will be too much, but the deposit should be prepared as much as possible, otherwise it is easy to have problems.

It is calculated according to the standard given by the immigration bureau, and there is no direct connection with the current fluctuation of the foreign exchange market, the standard given by the immigration bureau remains the same, you just have to prepare so much money.

Not enough to apply for a loan.

It takes about one and a half months to apply for an e-sign, and there are many people who have applied recently.

It takes about 4 months for a general visa.

There are generally two forms of guarantee money for studying in Australia: one is a deposit, and the other is a student loan. Australia's regulations on the study guarantee are:

All guarantees must be deposited for 6 months, if the length of the course is more than 3 years, the maximum is 3 years of tuition and living expenses, and if it is less than 3 years, the tuition and living expenses will be calculated according to the actual number of years. There is also a difference between public schools and private schools for high school students, with public high schools costing about 150,000 yuan per year, and private schools being slightly more expensive, about 200,000 yuan. But preferably at 300,000.

There is no need for a 6-month deposit period for student loans.

Australia: There are 6 recognized financial institutions: Bank of China, Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, CITIC Industrial Bank and Shanghai Pudong Development Bank.

Supplementing the upstairs, loans can only be done at CITIC Bank, at least until half a year ago. The freezing time of the loan is from the day of submitting the guarantee certificate to the day of signing, which may not be long.

The deposit period is 6 months, 50-600,000 yuan for high school, 80-900,000 yuan for undergraduates, 600,000 yuan for masters, and 600,000 yuan for doctors

Hello, the deposit requirement for studying in Australia can cover the tuition fee, living expenses, insurance premiums and other expenses of students during their stay in Australia. The annual cost of bachelor's and master's degrees is about 180,000-220,000 yuan, so it should be certified as a deposit certificate of about 200,000 yuan a year. Hope it can help you, Wangzan, thank you.