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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.

$1.2333 = €1.0

$1.5692 = £1.0

US MARKET - 12/18/2014

MarketView

The pound regained lost ground on the dollar this morning after UK retail sales completely outstripped market expectations. Sales grew 1.6% in November, the biggest month-on-month gain in 10 years boosted by the US-style ‘Black Friday’ sale. Added to yesterday’s stronger- than-expected UK wage growth data the pound has found much need fundamental support. As of last night, GBP/USD had fallen 10.6% since July’s 1.7191 peak.   Overnight the biggest story in FX was the Fed’s
policy announcement in which Yellen laid the groundwork for a rate hike in Q2 2015. The USD Index, which measures the dollar’s strength across a basket, moved back towards 2009 highs. EUR/USD is trading back near 1.2300 and again within striking distance of August 2012 lows.   Breaking news this morning was the Swiss franc which fell sharply after the SNB surprised markets by turning its deposit rate negative. The move comes as investors look to move money out of Russia and into safe havens. Meanwhile euro weakness and the possibility of ECB QE had pushed the EUR/CHF rate dangerously close to the SNB’s 1.20
peg.    In Europe, today’s German Ifo business index rose for its second month, adding to signs the region’s strongest economy is recovering. In Greece PM Samaras yesterday failed to win the first round of Presidential elections. Round 2 of voting is on Dec. 23 and a possible final round on Dec. 29. Failure by Samaras to win the votes he needs will lead to snap elections and potentially to revival of the ‘Grexit’ story in 2015.

The Information contained herein is collected from sources believed by Western Union Business Solutions (USA), LLC to be reliable. However, Western Union Business Solutions (USA), LLC can not guarantee it to be free from errors. The information presented on this page is not an offer to buy or sell any currency.

For customers traveling in 2015: "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 actual transfer."

In 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 recent years, there has been no adjustment either way. Customers renting properties for 2015 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. 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.