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 Friday, August 17, 2018 from Western Union                                       

Currencies                                          Low           High

EUR - Euro                                      1.1412        1.1468

GBP - British Pound                      1.2750        1.2802

Market News

"The U.S. dollar was subdued Friday as it consolidated a rally that’s propelled it to June 2017 highs versus a wide swath of rivals, including the euro and sterling. Weary markets have taking solace from the U.S. and China agreeing to return to the negotiating table to try to broker a trade compromise, something the world’s two top economies haven’t done in months. Yet cautious optimism over trade continued to share the spotlight with Turkey whose economic troubles remained close to the surface. Add it all up and the buck was lower against most rivals Friday but still on track for its fourth gain in as many weeks.

Turkey’s lira led emerging markets lower, down more than 5%, which snapped its three-day recovery from record lows. Consequently, the Mexican peso underperformed along with the South African rand. North American numbers are due today on U.S. consumer sentiment 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