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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:

$1.1011-1.1157= €1.0

Market News July 27 from Western Union

"UK and US currencies on collision course? The Week Ahead. Investors are seeking some pretty major headlines in the week ahead to inject fresh impetus into currency markets, with both the British pound and US dollar potentially on collision course. Both the UK and US will publish fresh GDP reports while the Federal Reserve will make a rate announcement on Wednesday night. Hawkish future rate hike signals from either market could have a larger-than-expected positive impact on respective currencies given that countries such as China under opposite pressure to slash interest rates further. Overnight China’s stock market suffered another major sell-off.   USD The US dollar has run over a number of currencies from the commodity and emerging world in recent days as worrying Chinese headlines hit those currencies. However, the dollar’s appreciation against the Euro and Sterling has been a little more muted amid uncertainty before this week’s high- profile US announcements. On Wednesday night at 19:00 the Fed will make its latest decision on interest rates and release a policy statement. Markets data suggests a dovish Fed will not raise rates in September this year, while the majority of economists believe September 17 will be the most likely date for raising rates.   The answer to this disconnect may come in the Fed’s policy statement on Wednesday night. If the Fed believes the US economy is solid enough to hike rates on September 17, analysts say this week’s statement ‘should’ contain a clear hiking reference to prepare markets. But if the Fed continues to push investors to look towards economic data for rate clues, the data will come on Thursday at 13:30 in the form of US Q2 GDP estimates. The US economy is expected to grow by 2.6% (y/y) in Q2, while the -0.2% contraction in Q1 is expected to be revised up to a positive number. Wednesday and Thursday’s US announcements together are expected to be a major trading point for both the US dollar and global currency markets."

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.