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For immediate release: Jan. 5, 2006

DOLLAR DECLINES IN DECEMBER

In December the average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta declined 0.7 percent. The dollar fell on all subindexes. The largest drop was registered on the Americas subindex, which declined 1.1 percent. The Pacific-excluding-Japan subindex recorded a 0.8 percent decline, while the European subindex declined 0.6 percent, and the Pacific measure waned 0.4 percent. The classic subindex, which is the analogue of the original Atlanta index, was down 0.9 percent in December. The overall index in December was 2.7 percent above its year-ago level. On a daily basis, the overall index’s level at the end of December was down 0.4 percent from its reading at the end of November and was 3.6 percent above its level at the end of December 2004.

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: JANUARY 2006 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
12/05 111.753 108.547 104.654 120.086 116.105 103.564
11/05 112.561 109.740 105.288 120.628 117.000 104.461
12/04 108.816 114.779 93.026 113.810 116.195 99.283
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
11/05–12/05 –0.7 –1.1 –0.6 –0.4 –0.8 –0.9
12/04–12/05 2.7 –5.4 12.5 5.5 –0.1 4.3
05/95–12/05 15.3 11.8 5.5 26.0 17.6 6.3
Daily Data
Levels:
12/30/05 111.811 108.928 105.183 119.466 115.484 103.570
11/30/05 112.239 108.541 105.335 120.989 116.768 104.238
12/31/04 107.883 113.551 92.486 112.839 115.395 93.381
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
11/30/05–12/30/05 –0.4 0.4 –0.1 –1.3 –1.1 –0.6
12/31/04–12/30/05 3.6 –4.1 13.7 5.9 0.1 5.3
05/08/95–12/30/05 16.8 12.8 8.8 26.8 17.2 7.6

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