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For immediate release: Aug. 8, 2005

DOLLAR APPRECIATED SLIGHTLY IN JULY FOR THE FOURTH STRAIGHT MONTH

In July the average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta increased 0.5 percent. The dollar was up on all subindexes except the Americas subindex, which was down 1.4 percent. The European and Pacific subindexes registered a 1.7 percent increase, while the Pacific-excluding-Japan subindex increased 0.8 percent. The classic subindex, which is the analogue of the original Atlanta index, was up 0.8 percent in July. The overall index in July was 3 percent below its year-ago level. On a daily basis, the overall index’s level at the end of July was 0.1 percent below its reading at the end of June and was 4.2 percent below its level at the end of July 2004.

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 2005 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
07/05 111.996 112.641 103.414 117.298 116.041 103.676
06/05 111.470 114.250 101.725 115.392 115.166 102.869
07/04 115.502 122.627 100.644 118.913 120.619 105.923
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
06/05–07/05 0.5 -1.4 1.7 1.7 0.8 0.8
07/04–07/05 -3.0 -8.1 2.8 -1.4 -3.8 -2.1
05/95–07/05 15.5 16.0 4.2 23.1 17.5 6.4
Daily Data
Levels:
07/29/05 111.653 112.623 102.724 116.840 115.063 103.406
06/30/05 111.750 113.082 102.458 116.821 115.995 103.286
07/30/04 116.514 122.855 102.527 120.089 121.188 107.095
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
06/30/05–07/29/05 -0.1 -0.4 0.3 0.0 -0.8 0.1
07/30/04–07/29/05 -4.2 -8.3 0.2 -2.7 -5.1 -3.4
05/08/95–07/29/05 16.6 16.6 6.2 24.0 16.7 7.4

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