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For immediate release: Jan. 7, 2009

Dollar Fell in December

The average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta fell 1.3 percent in December from the previous month. The dollar posted the greatest decrease in the European subindex with a 3.7 percent decline. The Americas subindex rose 1.8 percent while the Pacific-excluding-Japan subindex fell 0.9 percent. The Pacific index declined 2.9 percent. The classic subindex, which is the analogue of the original Atlanta index, was down 1.9 percent. The overall index was 9.8 percent above its year-ago level in December. On a daily basis, the overall index rose 13.7 percent from the low reached on March 18 to the end of December. The daily index was 9.1 percent above its value at the end of December 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: JANUARY 2009 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
12/08 110.025 121.212 98.043 107.546 115.454 98.712
11/08 111.489 119.030 101.790 110.812 116.457 100.646
12/07 100.196 97.897 86.773 111.765 106.589 91.620
04/08 (low) 96.594 97.470 81.755 105.698 103.293 88.341
Percent change:
11/08–12/08 –1.3 1.8 –3.7 –2.9 –0.9 –1.9
12/07–12/08 9.8 23.8 13.0 –3.8 8.3 7.7
04/08–12/08 13.9 24.4 19.9 1.7 11.8 11.7
Daily Data
Levels:
12/31/08 108.836 121.453 95.948 105.677 112.488 97.218
11/28/08 112.308 121.063 102.169 110.837 117.782 101.182
12/31/07 99.751 97.164 86.861 111.213 106.184 91.088
03/18/08 (low) 95.739 96.802 81.169 104.410 104.333 87.186
Percent change:
11/28/08–12/31/08 –3.1 0.3 –6.1 –4.7 –4.5 –3.9
12/31/07–12/31/08 9.1 25.0 10.5 –5.0 5.9 6.7
03/18/08–12/31/08 13.7 25.5 18.2 1.2 7.8 11.5

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 Index Historical Data New item icon