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 Feb.15, 2019 from Western Union:                                                          

Currencies                                          Low           High

EUR - Euro                                      1.1304        1.1360

GBP - British Pound                       1.2837        1.2886

 

 

Market News

 

"America’s dollar stabilized Friday after a data-inspired dip the day before. The buck was back near three-month highs against the euro as it rose against the yen and most European rivals. Canada’s dollar pushed above three-week lows, boosted by oil’s climb toward $55. Sterling rose above one-month lows after data showed a surprise splurge in U.K. consumer spending to begin the year. The greenback lost ground Thursday after a shock slide in U.S. retail sales in December suggested the world’s biggest economy began 2019 with less horsepower than anticipated. Nevertheless, dollar bulls appear inclined to look beyond the data given that the outlook for spending remains bright thanks to cheaper gas prices, rebounding stocks and America’s strong job market. The dollar today will look for direction from U.S. numbers on factory growth and consumer sentiment."

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