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 from Western Union March 22, 2017
Overnight Indication Range
Currencies Low High
EUR - Euro 1.0818 1.0863
"A broad flight-to-safety knocked the U.S. dollar to four-month lows against the yen but allowed it to steady around multiweek lows against its other peers. So-called Trump trades have come under fire on the specter of delayed fiscal stimulus from the U.S. and less monetary support from Europe. Stocks and the dollar soared in the wake of Donald Trump’s election win on the view that he would make good on campaign pledges to strengthen the world’s biggest economy by reducing taxes and regulation, and increasing spending. Those plans appear shelved, for now, as the Trump administration first tackles health care reform which itself could be on life support. In Europe, economies are on a better footing that could lead area central banks to scale back monetary support sooner than expected. While the dollar hasn’t fallen dramatically, its short run prospects have dimmed, leaving it vulnerable until markets regain composure."
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.