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.
$1.2726 = €1.0
$1.6149 = £1.0
US MARKET - 10/24/2014 08:06 AM
The greenback and its big peers were largely little changed with market uncertainty on the uptick over the coming week. Better U.S. data this week on housing, inflation and underlying jobless claims have helped the dollar regain buoyancy. Consequently, the dollar is on pace to log its first week in the black in three. But market risk factors are lined up over the coming week, starting with the results of European bank stress tests on Sunday and a policy decision by America’s central bank on Oct. 29. European officials hope that the financial checkups on the top 130 banks in the region will help instill confidence and thereby reduce headwinds on the region. The coming week will also offer news on German business optimism and important U.S. data on the consumer, third quarter growth and Midwest business conditions. Now seems like a good time for customers to put on hedge orders like forward contracts given the uncertainty ahead and the potential risk it poses to currency exposures. Forecast-matching growth in the U.K. helped the pound edge above recent multimonth lows. Confirmation of an Ebola case in Manhattan underpinned the safer yen. Data on U.S. new home sales print shortly.
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
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 2015 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!
Doorways Villa Vacations
to view the 2015 Financial Agreement