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                     

Currencies                                          Low           High

EUR - Euro                                      1.1128        1.1150

GBP - British Pound                      1.3015        1.3065

 Market News

"A data-inspired U.S. dollar climbed to four-week peaks in holiday- subdued trade. The greenback rose against all of its main peers and scaled Christmas Eve highs versus a broad basket of currencies. Strong data last week suggested little, if any, loss of horsepower for the world’s largest economy during the fourth quarter. Consumers spent for the third straight month in December while the 17% spike in housing starts proved the strongest in 13 years. Central banks hold the key to currencies over the balance of the month. Japan, Canada and the euro zone issue interest rate announcements this week on Tuesday, Wednesday and Thursday, respectively. The Federal Reserve and Bank of England render rate decisions next week with the former seen on hold and expectations rising for the latter to lower borrowing costs to all- time lows."

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 now may be charged a currency adjustment on the unpaid balance, according to the exchange rate, but at this point it is unlikely. 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