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For immediate release: Dec. 8, 2008

Dollar Continued Ascent in November

The average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta rose 2.3 percent in November from the previous month. The dollar posted the greatest increase in the Europe subindex with a 5.4 percent rise. The Americas subindex climbed 3.1 percent while the Pacific-excluding-Japan rose 1.8 percent. The Pacific index declined 0.2 percent. The classic subindex, which is the analogue of the original Atlanta index, was up 2.1 percent. The overall index was 12.8 percent above its year-ago level in November. On a daily basis, the overall index rose 17.3 percent from the low reached on March 18 to the end of November. The daily index was 12.7 percent above its value at the end of November 2007.

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 2008 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
11/08 111.489 119.030 101.790 110.812 116.457 100.646
10/08 108.985 115.492 96.576 111.016 114.371 98.576
11/07 98.802 95.683 85.664 111.043 106.332 90.083
04/08 (low) 96.594 97.470 81.755 105.698 103.293 88.341
Percent change:
10/08–11/08 2.3 3.1 5.4 –0.2 1.8 2.1
11/07–11/08 12.8 24.4 18.8 –0.2 9.5 11.7
04/08–11/08 15.4 22.1 24.5 4.8 12.7 13.9
Daily Data
Levels:
11/28/08 112.308 121.063 102.169 110.837 117.782 101.182
10/31/08 110.422 117.441 100.822 110.115 114.146 100.099
11/30/07 99.680 97.924 85.791 110.987 106.274 90.998
03/18/08 (low) 95.739 96.802 81.169 104.410 104.333 87.186
Percent change:
10/31/08–11/28/08 1.7 3.1 1.3 0.7 3.2 1.1
11/30/07–11/28/08 12.7 23.6 19.1 –0.1 10.8 11.2
03/18/08–11/28/08 17.3 25.1 25.9 6.2 12.9 16.1

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 Index Historical Data New item icon