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 October 16, 2017 from Western Union                

                 

Currencies                                          Low           High

EUR - Euro                                      1.1830        1.1877

GBP - British Pound                       1.3301        1.3368

 

Market News

"The U.S. dollar eked out a gain to begin a new week of trade. For the most part, though, the buck kept to a confined range as it's lacked a catalyst to sustain its recent push to 10-week peaks. U.S. data on Friday showed core inflation continuing to run cool. The data kept a December rate hike alive but clouded the outlook for higher borrowing rates next year, capping upside in the U.S. currency. The currency to watch this week is the British pound. Sterling could add to its recent gains if local inflation data Tuesday show an increase to 3% in September, a scenario that could hasten a hike in British borrowing rates as soon as early November. The euro weakened, succumbing to profit taking after its best week in a month. Canada's dollar was little changed with firmer oil prices above $52 boding well for the day ahead."

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 2018 may be charged a currency adjustment on the unpaid balance, according to the exchange rate. 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