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                                      1.2384        1.2465

GBP - British Pound                      1.3988        1.4076

Market News

"The U.S. dollar emerged from the holiday weekend stronger and a few pennies above three-year lows. The trade-weighted dollar index was a half percent higher while broad gains took it through key resistance against the yen. The dollar also scored gains against the euro, sterling and Canadian dollar. The U.S. currency is enjoying a short- covering rally after losing steady ground recently. It helped at the margin that the yield on the U.S. 10-year Treasury inched closer to the key 3% level. But perhaps the root cause of the dollar’s rebound is caution ahead of news tomorrow from the Federal Reserve. The Fed Wednesday will release the minutes of its January meeting. The market is hyper-focused on all things Fed. A hawkish message from America’s central bank might allow more of a recovery for the U.S. currency.

Still, dollar rebounds have proven relatively shallow and short-lived as global optimism overshadows."

 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