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.
Market News January 19, 2017 from Western Union
Exchange rate predicted range $1.0663-1.0713= €1.00
"The U.S. dollar was mostly steady Thursday with forex markets keeping on a jumpy footing ahead of America’s change at commander in chief on Friday. The dollar has shown tentative signs of stabilization after slipping this week to its weakest in more than a month after remarks from America’s next president dubbed it ‘too strong’ and ‘killing us.’
The dollar found some footing Wednesday after comments from Federal Reserve Chair Janet Yellen made the case for a ‘few’ interest rate hikes this year. Still, the market continues to treat the dollar like a hot potato ahead of tomorrow’s inaugural address from America’s next president. Will the future president use the occasion to talk down the dollar or will he elaborate on how he plans to goose the economy? The answers to those questions will be key to shaping the dollar’s coming prospects. Canada’s loonie hit a two-week low, weakened by the Bank of Canada’s rate cut readiness. Today brings an ECB policy decision and data on America’s jobs and housing markets."
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.