staff
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:

$1.1168-1.1288 = €1.0

Market News Sep 3, 2015 from Western Union

With China’s volatile stock market on holiday for the rest of the week, the U.S. dollar and its biggest peers got off to a mostly tranquil start Thursday. Market activity was also light ahead of today’s policy update from the European Central Bank. Cautious also reigned in the run up to America’s employment report Friday, seen as a potential catalyst for the Federal Reserve to raise interest rates. The market has dovish expectations for the ECB, given the rise in worries over global growth and the steady fall in commodity prices, risks that run counter to the central bank’s bid to resuscitate low inflation. Any show of concern or a willingness to beef up already potent policies would risk a new leg lower for the euro. Fresh evidence of a slowing U.K. economy kept the pound near three-month lows. Canada’s dollar steadied around 11-year lows ahead of North American trade data and U.S. jobless claims."

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.