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:
Market News July 1 from Western Union
"The U.S. dollar got off to a quick start to the third quarter, rising across the board, making payments to destinations like Britain and Canada the cheapest in a while. Market liquidity is thinner today due to a holiday in Canada and should remain that way with U.S. markets getting Friday off in observation of America’s birthday. Greece’s debt crisis remained the topic du jour after the debt-choked nation received the dubious distinction of becoming the first major economy to miss a payment to the IMF. Out of money, the next step for Greece could be to tumble out of the euro zone. Greece seemed likely to press ahead with a referendum set for Sunday in which it will ask the nation to vote for or against stiffer austerity measures from its creditors in exchange for more life sustaining money. U.S. fundamentals are creeping back to the fore, underpinning the dollar. American consumers grew more confident last month while jobs data tomorrow are poised to show another strong month of hiring. Sterling stumbled to mid-June lows after U.K. manufacturing unexpectedly tapped the brakes and grew at the slowest rate in two years."
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!
Doorways Villa Vacations
to view the 2015 Financial Agreement