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 September 17, 2019 from Western Union:                                                                                          

Currencies                                          Low           High

EUR - Euro                                      1.1035        1.1076

GBP - British Pound                       1.2442        1.2488

Market News

 "The greenback was mixed but mostly steady with markets keeping an eye on oil and geopolitical risks and the other on the Federal Reserve which kicks off its two-day meeting today. The euro rose after European data showed a bigger than expected improvement in German investor confidence. Otherwise, the U.S. currency was steady to firmer against the yen, sterling and Canadian dollar. Oil prices moderated from four-month highs but remained above $62 and more than 10% above Friday’s close. The dollar has benefited as a safe harbor from weekend attacks on a Saudi Arabian oil field. Meanwhile, solid U.S. data last week on inflation and retail sales added traction to the notion that a rate cut by the Fed this week might be the last for the year. On today’s data docket are numbers on industrial production and homebuilder confidence."

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