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 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.

$1.3542 = €1.0

$1.7146   = £1.0

US MARKET - 07/22/2014 08:07 AM

The greenback strengthened back below $1.35 against the euro and in the process all but clocked new 2014 highs against the single currency. America’s currency jumped broadly and notched new mid-June peaks against a basket of six rival currencies. The greenback was advanced a rally in part on expectations that today’s ration of U.S. data would show the Federal Reserve ahead of the European Central Bank in attaining its economic objectives. Today’s reading on U.S. consumer prices is expected to hold right around the Fed’s target of 2% annually. A hotter outcome would strengthen nascent Fed views that U.S. borrowing rates might have to be lifted a bit sooner that current market forecasts of around the middle of next year. Comparable inflation in the euro economy, meanwhile, was confirmed last week at an anemic 0.5%, far below the ECB’s near 2% goal. The specter of fresh sanctions against Russia also gnawed at the euro, given the close economic ties between Europe and Moscow. Sterling was steady ahead of key minutes from the Bank of England due Wednesday. The greenback was firmer against most commodity peers, including the Canadian dollar. The U.S. CPI is due at 8:30 a.m. EDT

For customers traveling in 2014: "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 a refund 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 the past couple of years, there has been no adjustment either way. Customers renting properties for 2014 for which the owners are paid in Euros may be charged a currency adjustment on the unpaid balance, according to the value of the dollar versus the Euro at the time of the final bill; the adjustment could be up or down. Should you want to protect yourself against decline of the dollar, you can pay your final bill early or be sure to book a villa with a guaranteed US dollar rate.We are infinitely grateful for your cooperation. And here's hoping that the dollar strengthens in time for your trip!

Kit Burns, President
Doorways Villa Vacations

IMPORTANT LINK:

Click to view the 2014 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.