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For immediate release: Jan. 8, 2008

Dollar Regained Ground in December

The average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta increased 1.4 percent in December from the previous month, marking its first appreciation since September. The dollar rose against all major subindexes, posting the greatest gain against the Americas subindex, increasing 2.3 percent in December. The European subindex expanded 1.3 percent, followed by 0.7 and 0.2 percent increases in the Pacific and Pacific-excluding-Japan subindexes, respectively. The classic subindex, which is the analogue of the original Atlanta index, was up 1.7 percent. Despite the recent appreciation, however, the overall monthly index was still 6.8 percent below its year-ago level. On a daily basis, the overall index was up 0.1 percent from the end of November to the end of December but remained 7.7 percent below its value at the end of December 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: JANUARY 2008 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
12/07 100.196 97.897 86.773 111.765 106.589 91.620
11/07 98.802 95.683 85.664 111.043 106.332 90.083
12/06 107.545 108.386 93.961 116.050 110.306 99.009
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
11/07–12/07 1.4 2.3 1.3 0.7 0.2 1.7
12/06–12/07 –6.8 –9.7 –7.7 –3.7 –3.4 –7.5
05/95–12/07 3.4 0.8 –12.6 17.3 8.0 –6.0
Daily Data
Levels:
12/31/07 99.751 97.164 86.681 111.213 106.184 91.088
11/30/07 99.680 97.924 85.791 110.987 106.274 90.998
12/29/06 108.015 108.928 94.091 116.708 110.261 99.613
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
11/30/07–12/31/07 0.1 –0.8 1.2 0.2 –0.1 0.1
12/29/06–12/31/07 –7.7 –10.8 –7.7 –4.7 –3.7 –8.6
05/08/95–12/31/07 4.2 0.6 –10.2 18.0 7.7 –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 Index Historical Data New item icon