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.

Market News February 5, 2016 from Western Union

                      Overnight Indication Range                     
"Overnight Indication Range                     
Currencies                                          Low           High
EUR - Euro                                      1.1227*        1.1261*
GBP - British Pound                         1.4565*        1.4651*

"A woozy U.S. dollar steadied around its weakest levels in months while it was on course for its worst week in years. The dollar has lost significant strength this week, roughly 3% on a trade-weighted basis, as mounting signs of slowing U.S. growth have torpedoed expectations for the Federal Reserve to boost interest rates. The rout has dropped the buck to one-, two- and three-month lows against sterling, the loonie and euro, respectively. Ahead of America’s critically important monthly employment report today, the dollar managed to steady. Key for the dollar’s coming performance will be a trifecta of labor market readings on hiring, unemployment and wage growth. An overall subdued report would justify the dollar’s descent and leave ripe for more losses in the weeks ahead. But another solid, MVP-caliber reading on the jobs front would help allay rising risks of recession, and help the dollar climb out of its biggest weekly hole since 2009."

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 2016 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.