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) |
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| 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.
