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.
$1.3010 = €1.0
$1.6381 = £1.0
US MARKET - 09/05/2014 08:05 AM
Could the brawny U.S. dollar be in for an encore performance Friday after turning in its best day against the euro in almost three years Thursday? America’s monthly jobs report for August holds the key to that answer. The world’s biggest economy is forecast to add another couple of hundred jobs for the seventh time in as many months. A print near or above forecasts of a gain of 225,000 would be positive for the dollar and keep it on a path of outperformance. A strong jobs reading would also bolster the case for a Federal Reserve rate hike next year. An uninspiring jobs report, on the other hand, could see the dollar surrender some gains as players would be prone to cash in some profit on its remarkable rally to 14-month highs overall and to near six-year peaks against the yen. Any dip in the dollar would likely prove temporary in the wake of the European Central Bank’s move Thursday to shore up its economy and weakening the euro to help in its battle against dangerously low inflation. Sterling neared lows for the year against the dollar on uncertainty over an upcoming Scottish vote on whether to remain in the U.K. Canada’s loonie was steady ahead of today’s North American jobs data which print at 8:30 a.m. EDT.
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