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For immediate release: June 6, 2005

DOLLAR APPRECIATED SLIGHTLY AGAIN IN MAY

In May the average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta increased 0.5 percent. The dollar was up on all subindexes except the Pacific subindex, which was down 0.4 percent, and the Pacific-excluding-Japan subindex, which was down 0.2 percent. The European subindex registered a 2.0 percent increase while the Americas subindex increased 0.4 percent. The classic subindex, which is the analogue of the original Atlanta index, was up 0.8 percent in May. The overall index in May was 6.2 percent lower than its year-ago level. On a daily basis the overall index’s level at the end of May was up 1.3 percent from its reading at the end of April but was 4.6 percent below its level at the end of May 2004.

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: JUNE 2005 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
05/05 110.593 115.760 97.906 114.182 114.709 101.689
04/05 110.068 115.256 96.001 114.602 114.976 100.853
05/04 117.965 126.335 103.154 120.251 120.858 108.477
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
04/05–05/05 0.5 0.4 2.0 -0.4 -0.2 0.8
05/04–05/05 -6.2 -8.4 -5.1 -5.0 -5.1 -6.3
05/95–05/05 14.1 19.2 -1.3 19.8 16.2 4.4
Daily Data
Levels:
05/31/05 111.288 115.195 100.409 114.864 114.844 102.559
04/29/05 109.872 116.343 95.923 113.069 114.281 100.712
05/28/04 116.606 125.274 101.105 119.049 120.325 107.125
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
04/29/05–05/31/05 1.3 -1.0 4.7 1.6 0.5 1.8
05/28/04–05/31/05 -4.6 -8.0 -0.7 -3.5 -4.6 -4.3
05/08/95–05/31/05 16.2 19.3 3.8 21.9 16.5 6.6

 

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