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.

For current rates, log-on to GlobalPay, http://www.GlobalPay.WesternUnion.com. For questions or to sign up for GlobalPay, please call 800.424.2923.

 

Overnight Indication Range August 15, 2017   from Western Union               

Currencies                                          Low           High

EUR - Euro                                      1.1739        1.1840

GBP - British Pound                     1.2903        1.3022

 Market News

"The U.S. dollar cleared a host of hurdles Tuesday that had it flying at its highest in one and five weeks versus the yen and sterling. But the biggest obstacle looms today at 8:30 a.m. ET when U.S. retail sales hit the wires. Ahead of the key data on the consumer, who does the heaviest lifting of the world’s biggest economy, the buck could do little wrong. Its bearish run appeared to be running lower on fuel thanks to the specter of cooler heads prevailing in Washington and Pyongyang. The tempering of geopolitical fears shifted the safety trade that had hoisted the yen to four-month highs into reverse. America’s currency also benefited from below forecast data on German second quarter growth and U.K. consumer inflation. For the U.S. dollar to squeeze more juice out of its tentative upturn, retail sales would need to meet forecasts of a solid bounce back."

The rates quoted above are intended to provide you with indications to assist in planning your foreign currency payments. Rates in this e-mail are quoted Per-Dollar except as where customary and indicated by "*". To calculate the U.S. dollar cost, divide the foreign currency amount by the indicated rate. Multiply for currencies marked by "*". Currencies prefixed with the ">" symbol are currently not traded by Western Union Business Solutions (USA), LLC. The rates for these currencies are provided to you for informational purposes only. 

 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 2017 may be charged a currency adjustment on the unpaid balance, according to the exchange rate, but it is more likely to be in their favor this year. Here's hoping that the dollar continues to strengthen 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