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 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.
$1.3239 = €1.0
$1.6668 = £1.0
US MARKET - 08/27/2014 07:52 AM
The US dollar rose to new highs against the euro and a currency basket yesterday as the world’s biggest economy displayed more of its promising potential. Data on US durable goods jumped by the most on record while American consumers grew the most confident since October 2007, boding better for future spending. Consumer confidence has risen for four straight months, contrasting German business morale which has been in decline over the same time frame. More strong data like this over the coming days should give the Fed’s hawkish camp more sway, putting the central bank on a smoother path to a rate hike next year. Ahead of Friday’s crucial look at euro zone inflation, data which could prove pivotal for the single currency, investors will examine a long line up of US economic reports Thursday. This will include revised Q2 GDP and inflation figures and pending home sales in July. Friday will also bring forward the latest GDP figures from Canada.
For customers traveling in 2014: "Prices
are subject to shifts in currency exchange rates and will be adjusted up or down
at the time of payment only if the rate falls outside of the ranges: 1.0-1.4 dollar/Euro
or 1.4-2.0 dollar/£. When adjustments are necessary, we will use the currency
we use to pay the owner and calculate it from the exchange rate received on the
2000 and in 2001 Doorways gave a refund 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 the past couple of years, there has been no adjustment either way. Customers renting properties for 2014 for which the owners are paid in Euros may be charged a currency adjustment
on the unpaid balance, according to the value of the dollar versus the Euro at
the time of the final bill; the adjustment could be up or down. Should you want to protect yourself against decline of the dollar,
you can pay your final bill early or be sure to book a villa with a guaranteed
US dollar rate.We are
infinitely grateful for your cooperation. And here's hoping that the dollar strengthens in time for your trip!
Doorways Villa Vacations
to view the 2014 Financial Agreement