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.

Market News August 26 2016

Exchange rate predicted range $1.1321-1.1355= €1.00

Maintaining the theme of the week, markets saw little reaction to the poor German Ifo Index release yesterday and the better than expected U.S. durable goods orders. The focus on the morning ahead is Janet Yellen’s eagerly awaited speech where markets are expecting to receive a much clearer view for the outlook of U.S. monetary policy in 2016. Markets are not expecting a rate hike until the beginning of next year so any hawkish signals given from Yellen could see the dollar strengthen.

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 2015 may be charged a currency adjustment on the unpaid balance, according to the exchange rate, but it 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

    Maintaining the theme of the week, markets saw little reaction to the poor German Ifo Index release yesterday and the better than expected U.S. durable goods orders.  The focus on the morning ahead is Janet Yellen’s eagerly awaited speech where markets are expecting to receive a much clearer view for the outlook of U.S. monetary policy in 2016. Markets are not expecting a rate hike until the beginning of next year so any hawkish signals given from Yellen could see the dollar strengthen.