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.

Overnight Indication Range:

$1.0827-1.0943= €1.0

$1.5086-1.5206= £1.0

Market News April 24, 2015 from Western Union

"The U.S. dollar steadied after falling overnight to two-week lows. The one step up, two steps back for the U.S. economy this week suggest it’s slow to bounce back from a winter soft patch. On the bright side, existing home sales topped forecasts with the highest reading in 18 months. But new home sales disappointed with a more than 10% plunge while the line for weekly unemployment aid grew by a thousand.


Consequently, the slow to take shape rebound in the U.S. economy has tempered expectations for the Federal Reserve to boost interest rates, weighing on the dollar. A report today on U.S. durable goods orders could be the difference maker for the dollar over whether it logs an up or down week, with expectations calling for a modest rise. The euro edged off two-week peaks as focus turned to Greece with European officials holding high level debt talks with Athens. Although the euro has benefited from the pullback in the dollar, its upside isn’t without limit over uncertainty related to Greece. Sterling was an outperformer, notching new five-week highs above $1.51. A buoyant loonie held close to recent three-month highs."

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 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.