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For immediate release: Dec. 6, 2006

Dollar Depreciates in November

The average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta fell 0.7 percent in November from the previous month. All subindexes declined in November except for the Americas subindex, which gained 0.5 percent. The Europe subindex dropped 2 percent, and the Pacific and the Pacific-excluding-Japan measures were down 1.1 percent each. The classic subindex, which is the analogue of the original Atlanta index, was 0.8 percent lower in November. The overall index in November was 4 percent below its year-ago level. On a daily basis, the overall index was down 0.6 percent at the end of November from its reading at the end of October and was 4.6 percent below its level at the end of November 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: DECEMBER 2006 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
11/06 108.066 107.502 96.292 116.742 111.423 99.429
10/06 108.822 106.936 98.302 118.032 112.659 100.266
11/05 112.561 109.740 105.288 120.628 117.000 104.461
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
10/06–11/06 –0.7 0.5 –2.0 –1.1 –1.1 –0.8
11/05–11/06 –4.0 –2.0 –8.5 –3.2 –4.8 –4.8
05/95–11/06 11.5 10.7 –3.0 22.5 12.9 2.0
Daily Data
Levels:
11/30/06 107.125 108.116 93.549 115.444 110.494 98.312
10/31/06 107.799 106.208 96.991 116.857 111.941 99.323
11/30/05 112.239 108.541 105.335 120.989 116.768 104.238
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
10/31/06–11/30/06 –0.6 1.8 –3.5 –1.2 –1.3 –1.0
11/30/05–11/30/06 –4.6 –0.4 –11.2 –4.6 –5.4 –5.7
05/08/95–11/30/06 11.9 12.0 –3.3 22.5 12.1 2.2

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