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 20, 2017 from Western Union                 

Currencies                                          Low           High

EUR - Euro                                      1.2037        1.2072

GBP - British Pound                       1.3550        1.3665

Market News

"America’s dollar kept on its back foot ahead of today’s big policy decision by the Federal Reserve. Come 2 p.m. ET, the Fed will issue an interest rate verdict, along with fresh forecasts for the U.S. economy. The central bank will also estimate how many times it could raise borrowing rates over the coming year, and Fed Chair Janet Yellen will address the media. Much uncertainty surrounds the Fed that it’s taken a toll on the buck which remained in arm’s reach of multiyear lows versus the euro and Canadian dollar. The Fed is not expected to raise borrowing rates this time given stubbornly low inflation. But the Fed is almost certain to do something it’s never done before: announce plans to reduce its massive $4.5 trillion balance sheet. A Fed that maintains faith in the economy and inflation picking up would send a decisive signal that lending rates could rise before year-end, a scenario that could help brighten the dollar’s shaky prospects."

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