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:
$1.4854-1.4973 = £1.0
Market News March 25, 2015 from Western Union
"The U.S. dollar accumulated another overall gain Friday, still underpinned by constructive jobs data this week and remarks from Federal Reserve officials that suggested a reasonable chance of interest rate liftoff as soon as midyear. The greenback was still on course of a mild weekly decline, though comfortably above three-week lows hit Thursday against the euro. Sentiment brightened in the dollar’s favor on Thursday after the weekly look at U.S. unemployment claims showed the fewest in five weeks. That offered evidence of an improving labor market that the Fed has said it wants to see before lifting interest rates from rock bottom levels near zero. Meanwhile, comments from two Fed presidents also helped the dollar as their tone was generally in line with the central bank raising rates in coming months. Key for the dollar over the coming week will be remarks today from Fed Chair Janet Yellen and highly crucial U.S. data next week on inflation and the job market. Sterling eked out a gain against the otherwise firmer greenback while Canada’s loonie lost a little ground as oil surrendered some of its explosive gain. Whether the dollar can rebound and end the week higher should hinge on U.S. data today on growth and the consumer."
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