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                     

Currencies                                          Low           High

EUR - Euro                                      1.0697        1.0878

GBP - British Pound                       1.1453        1.1928

 Market News

"The U.S. dollar’s rally to milestone highs moderated as markets took some comfort from central bank efforts to try to dampen the economic blow from the coronavirus. The euro firmed above three-year lows while sterling and the Aussie and kiwi dollars were 2% higher. Canada’s dollar also climbed, rising nearly 2% thanks to a 5% jump in oil to $26. Wall Street today will attempt for a second straight day of gains, something it hasn’t done for a while. Multiple interest rate cuts this month from the U.S., Britain and Canada are starting to show signs of bearing fruit. The Fed also increasing dollar liquidity and availability to a cash-hungry world also helped to buoy sentiment. The dollar’s pullback may prove more of a breather than a reversal given still-skittish sentiment and how data is starting to show the damaging effects of the virus."

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