In June the average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta rose 1.3 percent. The dollar gained against all subindexes, led by a 1.7 percent increase against the Pacific subindex. The Americas, the Pacific-excluding-Japan and the Europe subindexes were up 1.2, 1.1 and 1 percent, respectively. The classic subindex, which is the analogue of the original Atlanta index, rose 1.1 percent. The overall index was down 2.6 percent compared to a year ago. On a daily basis, the overall index’s level at the end of June was 0.7 percent higher than its level at the end of May but 3.2 percent below its reading at the end of June 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: JULY 2006 UPDATE (1995 = 100) |
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| Atlanta Fed Overall Index |
Monthly Subindexes |
|||||
| Americas | Europe | Pacific | Pacific excluding Japan |
Classic | ||
| Monthly Averages | ||||||
| Levels: | ||||||
| 06/06 | 108.557 | 107.691 | 98.320 | 116.454 | 112.761 | 99.294 |
| 05/06 | 107.132 | 106.422 | 97.377 | 114.472 | 111.495 | 98.219 |
| 06/05 | 111.470 | 114.250 | 101.725 | 115.392 | 115.166 | 102.869 |
| 05/95 (low) | 96.925 | 97.085 | 99.231 | 95.303 | 98.733 | 97.435 |
| Percent change: | ||||||
| 05/06–06/06 | 1.3 | 1.2 | 1.0 | 1.7 | 1.1 | 1.1 |
| 06/05–06/06 | –2.6 | –5.7 | –3.3 | 0.9 | –2.1 | –3.5 |
| 05/95–06/06 | 12.0 | 10.9 | –0.9 | 22.2 | 14.2 | 1.9 |
| Daily Data | ||||||
| Levels: | ||||||
| 06/30/06 | 108.124 | 107.270 | 97.566 | 116.220 | 112.459 | 99.025 |
| 05/31/06 | 107.356 | 106.821 | 96.950 | 114.976 | 111.959 | 98.093 |
| 06/30/05 | 111.750 | 113.082 | 102.458 | 116.821 | 115.995 | 103.286 |
| 05/08/95 (low) | 95.740 | 96.549 | 96.705 | 94.236 | 98.571 | 96.238 |
| Percent change: | ||||||
| 05/31/06–06/30/06 | 0.7 | 0.4 | 0.6 | 1.1 | 0.4 | 0.9 |
| 06/30/05–06/30/06 | –3.2 | –5.1 | –4.8 | –0.5 | –3.0 | –4.1 |
| 05/08/95–06/30/06 | 12.9 | 11.1 | 0.9 | 23.3 | 14.1 | 2.9 |
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.
