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.-928-1.1029 = €1.0
$1.5412 -1.5539 £1.0
Market News May 26, 2015 from Western Union
The U.S. dollar emerged from the long holiday weekend a little stronger, supported by escalating worries about Greek finances and nascent signs the world’s biggest economy is rebounding from its weak start to the year. Fears are on the rise that Greece may not have enough in its coffers to cover the hundreds of millions of euro it owes the IMF next week. Athens needs to soon win more rescue money or risk an imminent debt on its obligations. U.S. durable goods fell 0.5% in April as expected but a gauge of business spending fared solidly for a second month in a row, rising 1% after a 1.5% gain in March. The data followed heartening news last week of a uptick in core inflation and lowest count of a gauge of weekly jobless claims in 15 years.
Moreover, Fed chair Janet Yellen last week signaled that U.S. interest rates are poised to rise this year which neutralized market bets the central bank would wait until next year. The holiday-shortened week features U.S. data later today on consumer confidence and new home sales. Friday brings a revision to U.S. first quarter growth."
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