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.
Market News November 25, 2015 Western Union
Exchange rate predicted range $1.0620-1.0732= €1.0
"US growth was revised up last quarter but the US dollar hardly reacted to the news. The world’s biggest economy grew at an annual rate of 2.1% during the third quarter, above the first estimate of 1.5%.
Heightened geopolitical uncertainty should help lend safe haven support to the dollar during the Thanksgiving holiday. The long- weekend kicks off Thursday and low liquidity could cause some bigger- than-usual FX moves if there are any impactful geo-political developments in Europe."
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
to view the 2016 Financial Agreement