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 November 17 2017 from Western Union                    

             

Currencies                                          Low           High

EUR - Euro                                      1.1815        1.1872

GBP - British Pound                       1.3223        1.3316

Market News

"The U.S. dollar succumbed to another round of selling Friday that drove it to four-week lows against the yen. The dollar also favored its back foot against the euro, sterling and Canadian dollar. The buck had eked out a gain Thursday after the House of Representatives passed tax reform measures aimed at helping the U.S. economy shift into a higher gear. Support to the dollar from the tax bill has been limited with the ball now in the Senate’s court to pass its own version of the tax overhaul where passage could prove trickier. Dollar sentiment also suffered a blow on reports that Robert Mueller’s Special Counsel had subpoenaed members of the Trump campaign over alleged Russian meddling in last year’s presidential race. Today’s data docket features numbers on U.S. housing starts and Canadian inflation."

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