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 April 26, 2017 fom Western Union
Currencies Low High
EUR - Euro 1.0923 1.0994
GBP - British Pound 1.2855 1.2896
"The U.S. dollar found less taxing times Wednesday as it rose above multimonth lows. The dollar rebounded above five-month lows against the euro, posting a quarter percent gain early Wednesday. The dollar has fallen prey to a sudden surge in the euro which has benefited from a marked reduction in political uncertainty in Europe. France’s coming presidential election appears set to put the euro zone’s No. 2 economy in the market-friendly hands of centrist Emmanuel Macron. But the euro’s politically-driven surge paused Wednesday, the eve of a meeting of the bloc’s central bank. Moreover, President Trump today is expected to make a ‘big announcement’ on tax relief that’s seen as growth-positive. The buck firmed across the board, clocking two-week peaks against the Aussie dollar, and keeping in sight of 14-month highs against the Canadian dollar."
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.