Booking & Planning

Currency Adjustments

Dear Guest,

The 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 from Western Union July 21, 2017                                   

Currencies                                          Low           High

EUR - Euro                                      1.1665        1.1724

GBP - British Pound                      1.3003        1.3073

 

Market News

"The U.S. dollar remained on the defensive Friday after a late week plunge knocked it to fresh lows against the euro. The euro soared to two-year highs a day after the European Central Bank left its policies unchanged but hinted at potential changes to come in the fall. The buck suffered a one-two punch in the less dovish ECB and reports of a widening investigation into the Trump campaign which added to concerns about the president’s broader agenda. On a trade-weighted basis, the dollar index sank to one-year lows. While broadly weaker, the dollar saw limited declines versus peers from Britain, Japan and Australia. Canada’s dollar kept near 14-month highs ahead of local data today on inflation and retail sales. Looming next week is a U.S. central bank announcement on July 26, followed by the first estimate of U.S. second quarter growth on July 28."

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 2017 may be charged a currency adjustment on the unpaid balance, according to the exchange rate, but it is 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 

For more information on booking, planning and financial agreements, please visit our booking forms page