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Press Releases

For immediate release: August 7, 2006

DOLLAR MOSTLY UNCHANGED IN JULY

The average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta was virtually unchanged in July from the previous month. The dollar’s 0.3 percent gain in July against the Pacific subindex was offset by small declines against other subindexes. The Americas and the Pacific-excluding-Japan subindexes were down 0.3 percent and 0.2 percent, respectively. The Europe subindex declined 0.1 percent. The classic subindex, which is the analogue of the original Atlanta index, rose 0.5 percent in July. The overall index was down 3.1 percent in July compared to a year ago. On a daily basis, the overall index was unchanged at the end of July from its level at the end of June but 3.2 percent below its reading at the end of July 2005.

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 2006 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
07/06 108.543 107.379 98.224 116.821 112.587 99.810
06/06 108.557 107.691 98.320 116.454 112.761 99.294
07/05 111.996 112.641 103.414 117.298 116.041 103.676
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
06/06–07/06 0.0 –0.3 –0.1 0.3 –0.2 0.5
07/05–07/06 –3.1 –4.7 –5.0 –0.4 –3.0 –3.7
05/95–07/06 12.0 10.6 –1.0 22.6 14.0 2.4
Daily Data
Levels:
07/31/06 108.079 107.246 97.450 116.205 112.482 99.407
06/30/06 108.124 107.270 97.566 116.220 112.459 98.025
07/29/05 111.653 112.623 102.724 116.840 115.063 103.406
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
06/30/06–07/31/06 0.0 0.0 –0.1 0.0 0.0 0.4
07/29/05–07/31/06 –3.2 –4.8 –5.1 –0.5 –2.2 –3.9
05/08/95–07/31/06 12.9 11.1 0.8 23.3 14.1 3.3

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