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For immediate release: Jan. 8, 2007

Dollar Continues to Depreciate in December

The average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta was down 0.5 percent in December from the previous month. All subindexes declined in December except for the Americas subindex, which gained 0.8 percent. The Europe subindex dropped 2.4 percent, followed by a 1 percent decline in the Pacific-excluding-Japan measure and a 0.6 percent decrease in the Pacific subindex. The classic subindex, which is the analogue of the original Atlanta index, declined 0.4 percent in December. The overall index in December was 3.8 percent below its level a year ago. On a daily basis, the overall index was up 0.8 percent at the end of December from its reading at the end of November but was 3.4 percent lower than its value at the end of December 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: JANUARY 2007 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
12/06 107.545 108.386 93.961 116.050 110.306 99.009
11/06 108.066 107.502 96.292 116.742 111.423 99.429
12/05 111.753 108.549 104.653 120.086 116.105 103.564
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
11/06–12/06 –0.5 0.8 –2.4 –0.6 –1.0 –0.4
12/05–12/06 –3.8 –0.2 –10.2 –3.4 –5.0 –4.4
05/95–12/06 11.0 11.6 –5.3 21.8 11.7 1.6
Daily Data
Levels:
12/29/06 108.015 108.928 94.091 116.708 110.261 99.613
11/30/06 107.125 108.116 93.549 115.444 110.494 98.312
12/30/05 111.811 108.928 105.183 119.466 115.484 103.570
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
11/30/06–12/29/06 0.8 0.8 0.6 1.1 –0.2 1.3
12/30/05–12/29/06 –3.4 0.0 –10.5 –2.3 –4.5 –3.8
05/08/95–12/29/06 12.8 12.8 2.7 23.8 11.9 3.5

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