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For immediate release: July 8, 2008

Dollar Continued Modest Rise 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 0.6 percent in June from the previous month. The dollar posted the greatest gains in the Pacific and Americas subindexes, rising 0.8 and 0.7 percent, respectively. This more than offset a 0.1 percent decline in the Europe subindex and a 0.3 percent deterioration in the Pacific-excluding-Japan measure. The classic subindex, which is the analogue of the original Atlanta index, was up 0.8 percent. The overall index was 7.6 percent below its year-ago level in June. On a daily basis, the overall index rose 1.4 percent from the low reached on March 18 to the end of June. The daily index was 7.7 percent below its value at the end of June 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: JULY 2008 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
06/08 97.426 96.939 82.728 107.913 104.023 89.457
05/08 96.889 96.271 82.807 107.023 104.316 88.737
06/07 105.416 102.267 92.720 117.532 109.254 97.031
April 08 (low) 96.594 97.470 81.755 105.698 103.293 88.341
Percent change:
05/08–06/08 (month–month) 0.6 0.7 –0.1 0.8 –0.3 0.8
06/07–06/08 –7.6 –5.2 –10.8 –8.2 –4.8 –7.8
04/08–06/08 0.9 –0.5 1.2 2.1 0.7 1.3
Daily Data
Levels:
06/30/08 97.049 96.923 81.724 107.626 104.063 89.095
05/30/08 96.652 95.531 82.640 107.273 103.969 88.623
06/29/07 105.151 102.036 91.990 117.572 108.885 96.788
03/18/08 (low) 95.739 96.802 81.169 104.410 104.333 87.186
Percent change:
05/30/08–06/30/08 0.4 1.5 –1.1 0.3 0.1 0.5
06/29/07–06/30/08 –7.7 –5.0 –11.2 –8.5 –4.4 –7.9
03/18/08–06/30/08 1.4 0.1 0.7 3.1 –0.3 2.2

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