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 Thursday, Oct 11, 2018 from Western Union                                                                                                             

Currencies                                          Low           High

EUR - Euro                                      1.1566        1.1649

GBP - British Pound                       1.3236        1.3303

Market News

"The U.S. dollar was mostly steady as its rise to fresh multiweek highs petered out. The euro and sterling were firm while the yen and Canadian dollar were little changed. Norway’s currency popped to one- week highs, supported by hotter than expected local inflation. The greenback has lost a little thrust amid a moderation in U.S. Treasury yields from seven-year peaks and a lack of a catalyst to sustain its run. America’s 10-year bond yield topped 3.26% this week, the highest since May 2011, reflecting optimism in the U.S. economy and expectations for the Fed to boost borrowing costs further this year. U.S. inflation will be in focus both today and tomorrow when numbers on wholesale and consumer prices are due. Evidence of inflation heating up, thanks to low unemployment and higher oil prices, would tend to keep the greenback biased higher."

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