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 December 13, 2017 from Western Union                                             

               

Currencies                                          Low           High

EUR - Euro                                      1.1779        1.1822

GBP - British Pound                      1.3366        1.3425

Market News

"U.S. dollar sentiment turned cautious ahead of today’s interest rate decision by America’s central bank. For the better part of December, the dollar has enjoyed a perky bias on expectations the Federal Reserve would deliver a widely expected rate hike today, its third of the year. The dollar notched four-week highs this week on a trade- weighted basis thanks to data showing a pickup in wholesale inflation.

An uptick in political risk overnight caused the dollar to waver as Alabama’s special Senate seat election went to Democrat Doug Jones who beat GOP rival Roy Moore. Sterling firmed after mixed U.K. jobs data showed a welcome rise in wages. How the greenback fares today and over the foreseeable future could hinge on the Fed’s rate decision and its new forecasts for the economy and the path of higher interest rates.

Ahead of the Fed’s 2 p.m. ET decision, a report is forecast to show higher U.S. consumer prices."

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