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For immediate release: Dec. 6, 2007

Dollar Continued to Depreciate in November

The average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta decreased 1.6 percent in November from the previous month. The dollar fell against all major subindexes, posting the greatest loss against the Europe subindex, dropping 2.7 percent in November. The Pacific subindex fell 2 percent, followed by a 0.5 percent decline in both the Americas and Pacific-excluding-Japan subindexes. The classic subindex, which is the analogue of the original Atlanta index, was down 1.9 percent. The overall monthly index was 8.6 percent below its year-ago level. On a daily basis, the overall index was up 0.8 percent from the end of October to the end of November but remained 6.9 percent below its value at the end of November 2006.

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 2007 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
11/07 98.802 95.683 85.664 111.043 106.332 90.083
10/07 100.382 96.146 88.065 113.306 106.843 91.802
11/06 108.066 107.502 96.292 116.742 111.423 99.429
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
10/07–11/07 –1.6 –0.5 –2.7 –2.0 –0.5 –1.9
11/06–11/07 –8.6 –11.0 –11.0 –4.9 –4.6 –9.4
05/95–11/07 1.9 –1.4 –13.7 16.5 7.7 –7.5
Daily Data
Levels:
11/30/07 99.680 97.924 85.791 110.987 106.274 90.998
10/31/07 98.890 93.995 86.660 112.473 105.895 90.422
11/30/06 107.125 108.116 93.549 115.444 110.494 98.312
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
10/31/07–11/30/07 0.8 4.2 –1.0 –1.3 0.4 0.6
11/30/06–11/30/07 –6.9 –9.4 –8.3 –3.9 –3.8 –7.4
05/08/95–11/30/07 4.1 1.4 –11.3 17.8 7.8 –5.4

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