The Real Deal New York

Euro’s slide generates concerns for Miami condo market

The euro is now at its weakest against U.S. dollar since 2003

January 18, 2015 02:00PM
By Peter Zalewski

Peter Zalewski of CondoVultures

Peter Zalewski of CondoVultures

From the South Florida website: Question: Will recent free fall of the Euro hurt sales of new and existing condominium units in Miami?

Miami right now probably feels quite expensive compared to last year for returning international visitors who are armed with euros, the official currency of 19 countries in the European Union. The current exchange rate to convert euros into U.S. dollars stood at about $1.178 on Thursday, following a steep drop in value resulting from a surprise monetary move this week by the Swiss Central Bank, according to the foreign exchange trading website OANDA.com.

MENU