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 Tuesday, June 19, 2018 from Western Union                                                                                                      

Currencies                                          Low           High

EUR - Euro                                      1.1578        1.1695

GBP - British Pound                      1.3204       1.3330

Market News

"The growing risk of a trade war sparked a stampede into safer assets, buoying the U.S. dollar, yen and Swiss franc. The euro and sterling were at or near 2018 lows while commodity currencies from Canada and Australian tumbled to one-year lows. President Trump has threatened to slap larger tariffs on China in a bid to help narrow America’s long running trade deficit. China has threatened to ramp up tariffs on U.S."

exports. The protectionist gamesmanship has rattled markets and fanned uncertainty on a global scale, buoying haven assets. It’s unclear whether a trade war would be good or bad for the dollar. On the one hand, higher prices on the goods that America imports could slow growth, but it could also stoke inflation, causing the Federal Reserve to raise rates more aggressively. Emerging markets, like Mexico’s peso, bore the brunt of trade war fears and sold off sharply.

 

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