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 May 24, 2017 from Western Untion                   

        

EUR - Euro                                      1.1213        1.1247

GBP - British Pound                       1.3002        1.3051

Market News

"America’s dollar and major currencies treaded water Wednesday, awaiting central bank signals from the U.S. and Canada. Global markets shrugged off a move by Moody’s Investors Service to downgrade China’s sovereign credit rating by a notch which initially weighed on the Aussie dollar. The greenback has steadied since hitting six-month lows this week, finding a floor on caution ahead of today’s release of the minutes from the last Federal Reserve meeting. The last time the Fed met, the dollar finished the day with a gain as officials chalked up weak first quarter growth to temporary factors. Any hawkish signals in the minutes would help to cement expectations for a mid-June rate hike, a scenario that could buy the dollar more time above multimonth lows. The loonie steadied near one-month peaks ahead of today’s Bank of Canada announcement. No change is expected but the degree to which officials sound dovish will be key for USDCAD."

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 2017 may be charged a currency adjustment on the unpaid balance, according to the exchange rate, but it is 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