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For immediate release: Feb. 6, 2006

DOLLAR DECLINES IN JANUARY

In January the average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta declined 1.5 percent. The dollar fell on all subindexes. The largest drop was registered on the Pacific subindex, which declined 2.2 percent. The Pacific-excluding-Japan and European subindexes both recorded 2.0 percent declines, while the Americas measure waned 0.5 percent. The classic subindex, which is the analogue of the original Atlanta index, retreated 1.6 percent in January. The overall index in January was 0.6 percent higher than its year-ago level. On a daily basis, the overall index’s level at the end of January was down 2.0 percent from its reading at the end of December and was 0.1 percent below its level at the end of January 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: FEBRUARY 2006 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
01/06 110.096 107.997 102.578 117.461 113.834 101.894
12/05 111.753 108.549 104.653 120.086 116.105 103.564
01/05 109.389 115.278 95.165 113.331 115.731 99.850
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
12/05–01/06 –1.5 –0.5 –2.0 –2.2 –2.0 –1.6
01/05–01/06 0.6 –6.3 7.8 3.6 –1.6 2.0
05/95–01/06 13.6 11.2 3.4 23.3 15.3 4.6
Daily Data
Levels:
01/31/06 109.575 106.720 102.215 117.621 113.144 101.511
12/30/05 111.811 108.928 105.183 119.466 115.484 103.570
01/31/05 109.638 115.849 95.531 113.189 115.324 100.246
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
12/30/05–01/31/06 –2.0 –2.0 –2.8 –1.5 –2.0 –2.0
01/31/05–01/31/06 –0.1 –7.9 7.0 3.9 –1.9 1.3
05/08/95–01/31/06 14.5 10.5 5.7 24.8 14.8 5.5

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