shifts in exchange rates affect you as a Doorways customer because you are traveling
to Europe. It also can hit Doorways hard 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.
$1.702 = £1.0
US MARKET - 02/24/2014 08:04 AM
A new week of trade found the dollar little changed against its rivals, keeping currencies within recently confined ranges. An active week for the U.S. economy gets under way Tuesday with a report on consumer confidence. On Wednesday, investors will study U.S. new home sales while Thursday brings rescheduled Senate testimony by Federal Reserve Chair Janet Yellen and data on durable goods. Investors Friday will get a second look at U.S. fourth quarter growth and parse another gauge of consumer morale. Outcomes that keep the Fed on course to trim stimulus next month could help limit downside risk for the dollar. The euro got a brief boost earlier after a survey showed German business confidence at its highest in 2 ½ years in February. The euro subsequently coughed up its Ifo-inspired gains after a separate survey showed euro zone inflation holding at an unhealthy 0.8% level in January. Selective stock market weakness around the globe supported the less risky yen. Sterling held near one-week lows on profit taking following soft data last week on the U.K. economy. The Aussie and loonie both firmed but looked vulnerable with China’s economy in focus this week.
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: 1.1-1.55 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. 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.
to view the 2014 Financial Agreement