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For immediate release: May 6, 2004

DOLLAR CONTINUES CLIMB IN APRIL

In April the average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta rose 0.7 percent, its third consecutive monthly gain. The dollar rose 2.0 percent on the European subindex and 1.3 percent on the Americas subindex but declined 0.6 percent on the Pacific subindex and 0.4 percent on the Pacific-excluding-Japan subindex. The classic subindex, which is the analogue of the original Atlanta index, was up 0.6 percent in April. The overall index in April was 6.3 percent lower than its year-ago level. On a daily basis, the overall index’s level at the end of April was 3.2 percent above its reading at the end of March, but remained 3.5 percent below its level at the end of April 2003.

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: MAY 2004 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
04/04 115.668 122.911 103.060 117.397 119.416 106.446
03/04 114.829 121.298 101.040 118.089 119.946 105.847
04/03 123.441 127.886 114.460 125.703 124.419 115.689
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
03/04–04/04 0.7 1.3 2.0 -0.6 -0.4 0.6
04/03–04/04 -6.3 -3.9 -10.0 -6.6 -4.0 -8.0
05/95–04/04 19.3 26.6 3.9 23.2 20.9 9.2
Daily Data
Levels:
04/30/04 117.250 125.161 103.527 119.176 120.397 107.970
03/31/04 113.598 120.703 100.640 115.621 119.055 104.308
04/30/03 121.442 125.009 111.588 125.057 123.930 114.064
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
03/31/04–04/30/04 3.2 3.7 2.9 3.1 1.1 3.5
04/30/03–04/30/04 -3.5 0.1 -7.2 -4.7 -2.9 -5.3
05/08/95–04/30/04 22.5 29.6 7.1 26.5 22.1 12.2

 

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 Indexes Table: History