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Doorways Villa Vacations

Currency Adjustment Page

 

Dear Guest,

currency adjustment pageThe shifts in exchange rates affect you because you are traveling to Europe and the shifts also affect Doorways because we collect payment from you in dollars and in most cases pay owners in Euro. To protect our company from losses due to fluctuating currency, we set a protected range when establishing our prices for the year. If the dollar strengthens outside this range, we give money back to you, and if the dollar weakens, we have to collect additional funds. In most cases, though, the dollar stays within the safe range and then your price does not change.

Overnight Indication Range:

$1.1357-1.1425 = €1.0

$1.5547-1.5615 = £1.0

Market News - February 26, 2015 - Western Union

"The U.S. dollar showed signs of awakening from its recent hibernation-like state on hawkish remarks from a Federal Reserve official. The dollar and most of its major rivals have recently settled into a listless slumber given a dearth of major U.S. data so far this week, and the less than clear outlook for U.S. interest rates. The dollar perked up after a Fed official, James Bullard, said that he thought the central bank should drop the word ‘patience’ from its forward guidance at the coming FOMC meeting in March. Doing so would mark a meaningful step toward an eventual rate hike by the Fed. It bears mentioning, however, that Mr. Bullard, head of the St. Louis Fed, isn’t one of the current voting members on the rate-setting committee.

To help make or break the dollar’s first month of declines in eight, markets will turn to critical U.S. indicators today on inflation and the job market. The news could be offsetting for the dollar with inflation expected to descend and weekly jobless claims forecast to hold below 300,000, terrain consistent with strong monthly job creation. Canada’s loonie drifted lower ahead of important inflation data from north of the border today that could impact next week’s Bank of Canada meeting on March 4."

For customers traveling in 2015: "Prices are subject to shifts in currency exchange rates and will be adjusted up or down at the time of payment only if the rate falls outside of the ranges: 1.0-1.4 dollar/Euro or 1.4-2.0 dollar/£. When adjustments are necessary, we will use the currency we use to pay the owner and calculate it from the exchange rate received on the actual transfer."

In 2000 and in 2001 Doorways gave refunds to guests after they paid their final bill. Everyone was very happy then! For the beginning of 2008, we had to collect extra money but for recent years, there has been no adjustment up or down. Customers renting properties for 2015 may be charged a currency adjustment on the unpaid balance, according to the exchange rate, but it more likely to be in their favor this year. Here's hoping that the dollar continues to strengthen in time for your trip!

Kit Burns, President
Doorways Villa Vacations

IMPORTANT LINK:

Click to view the 2015 Financial Agreement


 


Doorways, Ltd., PO Box 531, Bryn Mawr, PA 19010
Email: info@doorwaysltd.com Phone: 610-520-0806 Fax: 610-520-0807 Toll free: 800-261-4460

Villas and Apartments
ITALY ~ FRANCE ~ SPAIN
http://www.villavacations.com

Prices are subject to change and/or currency adjustment.