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 Dec 7, 2018 from Western Union                                         

Currencies                                          Low           High

EUR - Euro                                      1.1406        1.1435

GBP - British Pound                      1.2787        1.2865

Market News

"Caution ahead of America’s November jobs report helped the greenback steady after an overnight slide. Major and emerging market currencies were broadly flat ahead of the month’s most anticipated look at the health of the U.S. economy. The dollar lost ground overnight when it dove to late October lows against the yen amid reports that the Federal Reserve may adopt a wait-and-see approach to interest rates next year. Fed optimism in the economy has seemingly cooled on concerns that global weakness could wash up on U.S. shores. Cautious signals from the Fed suggest less upside for U.S. lending rates, a narrative that has taken wind out of the dollar’s sails. Still, persistent worries about trade wars and a moderating world economy continue to underpin safer bets like the greenback. Canada’s dollar pared declines ahead of its monthly jobs report and an expected output decision today from OPEC that could potentially catalyze a significant swing in oil 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