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Study Abroad Programs Worldwide: +(34) 91 591 23 06    |   Contact us

FOREIGN CURRENCY GUARANTEE

Overview

AmeriSpan lists all program prices in one currency (US dollars) so our clients can easily compare similar programs in different countries.  Each year, we set our US dollar prices based on the average currency exchange rate compared with the US dollar.  Because the US Dollar exchange rate has had unusually high fluctuations, we have the "AmeriSpan's Foreign Currency Guarantee". This guarantee applies to our language programs in Europe and Asia. 

How To Invoke the Foreign Currency Guarantee

When registering for a standard Language Program in Europe or Asia simply note "currency guarantee" and we will adjust the cost to today's currency rate.
 

How We Calculate New Price

  1. Adjust Local Currency Price - We need to convert to a US dollar price.  We use Oanda.com to find the highest daily median $/foreign currency rate during the previous 2 weeks.  Then we take this foreign currency rate and divide it by the $/euro exchange rate.  Then multiply this price by 1.05.  We add 5% because the median exchange rate is not obtainable in the real world unless the amounts are in the millions.  For example, when exchanging Dollars for Euros, you will pay a minimum of 3-5% (if you don't believe us, contact your local bank or a local travel office).   
  2. Compare the two prices - if AmeriSpan's published price is higher than this new price then we adjust your price.

Notes & Rules

  1. Only When Registering - To initiate the Foreign Currency Guarantee, you must tell us when you register. 
  2. One Time Only - We calculate the price when we receive your application and it is a courtesy.  We will not be changing your price every time currency changes.   
  3. Standard Language Programs Only - this guarantee is only valid for standard Language Programs.  All other program types (including fun programs) are excluded from this guarantee.
     
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