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Press Releases

For immediate release: August 7, 2003

DOLLAR POSTS FIRST GAIN IN NINE MONTHS IN JULY

In July the average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta rose 1.1 percent, its first monthly increase since October 2002. The dollar rose on all subindexes except the Pacific-excluding-Japan subindex, which declined only 0.1 percent. The largest gain was registered on the European subindex, which was 2.7 percent above the June reading. Elsewhere, the Americas subindex rose 1.3 percent, and the Pacific subindex was unchanged. The classic subindex, which is the analogue of the original Atlanta index, was up 1.4 percent in July. The overall index in July was 4.5 percent lower than its year-ago level. On a daily basis, the overall index’s level at the end of July was 1.7 percent above its reading at the end of June but was 4.8 percent below its level at the end of July 2002.

The Atlanta Fed index is based on 1995–97 bilateral trade weights for 15 currencies. The European subindex includes the European Monetary Union, Switzerland and the United Kingdom. The Pacific subindex includes Australia, China, Hong Kong, Japan, Malaysia, Singapore, South Korea and Taiwan. The Americas subindex includes Brazil, Canada and Mexico. The overall dollar index includes the Saudi Arabian riyal along with the foregoing 14 currencies. The classic subindex includes the European Monetary Union, Switzerland, the United Kingdom, Australia, China, Hong Kong, Japan, Singapore, South Korea, Taiwan, Saudi Arabia and Canada. All figures are indexes and not actual exchange rates. A rise in the index or subindex reflects a strengthening of the dollar against currencies included.


ATLANTA FED DOLLAR INDEXES: AUGUST 2003 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
07/03 119.744 122.548 109.970 123.993 122.415 111.982
06/03 118.425 120.981 107.109 123.933 122.578 110.464
07/02 125.344 129.453 122.808 123.920 122.865 119.162
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
06/03-07/03 1.1 1.3 2.7 0.0 -0.1 1.4
07/02-07/03 -4.5 -5.3 -10.5 0.1 -0.4 -6.0
05/95-07/03 23.5 26.2 10.8 30.1 24.0 14.9
Daily Data
Levels:
07/31/03 121.123 124.631 111.171 124.845 122.608 113.253
06/30/03 119.061 120.956 108.526 124.713 122.779 111.249
07/31/02 127.263 132.790 124.011 125.027 120.826 119.443
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
06/30/03-07/31/03 1.7 3.0 2.4 0.1 -0.1 1.8
07/31/02-07/31/03 -4.8 -6.1 -10.4 -0.1 1.5 -5.2
05/08/95-07/31/03 26.5 29.1 15.0 32.5 24.4 17.7

 

Based on 1995–97 bilateral trade weights for 15 currencies. Technical details of country selection, weighting and index construction are available in the June/July 1986, Summer 1987, September/October 1990 and Third Quarter 1999 issues of the Atlanta Fed’s Economic Review.

Atlanta Fed Dollar Indexes Table: History