How’s the Dollar doing against the Pound Sterling? Life’s too short to be chasing after foreign currency rates, right? If you’d wanted to follow the machinations of foreign currencies you’d have gone into the stock exchange not vacation rentals.
And yet, those foreign guests who bring foreign currency offer a great way to maximize your reservations and revenues – particularly if you market to them in your low season (which may, in some cases coincide with their high season, making your property look even more advantageous).
You could perhaps sit down once a week and pore over the financial sites to estimate and update your future foreign currency rates in line with currency shifts. Then, when you’ve fixed them, update your own website and contact and update the sites you’re listed with to coordinate the information. Or, if you are a Homes and Rooms subscriber, you could just leave it to us to deal with, having pre-arranged certain parameters.
Our Currency Rates Builder is a prime illustration of how flexible our service can be yet still allow automation if you want it. It can be configured and set to your requirements, allowing you, for example, to personalize email responses for more guest-friendly quotes by quoting in the foreign currency choice of your guest. Exchange rates can be updated automatically at regular intervals (or set manually at your discretion) to remove the unexpected element in foreign currency fluctuations and help make your rates competitive without needing your constant attention.
From the point of view of the foreign prospects, what they’ll see on your site is a realtime updated booking calendar with prices displayed in their home currency and the ability to make reservations instantly with a few clicks.
Choose your payment currency
You need have no worries about handling foreign currency as all money goes directly into your bank account (we do not deposit any funds in our accounts) and payments are received in the currency of your choice.