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 July 16, 2019 from Western Union:                                                          

Currencies                                          Low           High

EUR - Euro                                      1.1255        1.1312

GBP - British Pound                      1.2459        1.2573 

Market News

"The negative data coming out of the Eurozone boosted the dollar overnight. Although it looks certain the US will cut interest rates this month, expectations are now forcing for other central banks to follow suit.   Today we have June retail sales and industrial production data coming out and several Fed policymakers are schedules to speak although there would need to be something catastrophic to change market consensus of a July rate cut." 

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 now may be charged a currency adjustment on the unpaid balance, according to the exchange rate, but at this point it is unlikely. Here's hoping that the dollar strengthens 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