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Press Releases

For immediate release: May 8, 2006

DOLLAR DEPRECIATED 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 declined by 0.7 percent. The dollar posted the biggest loss against the Europe subindex, dropping 1.8 percent in April. Both the Pacific-excluding-Japan and the Pacific subindexes also declined in April—0.9 and 0.6 percent, respectively. The Americas subindex was little changed in April. The classic subindex, which is the analogue of the original Atlanta index, fell 1.1 percent in April. The overall index was flat in April from a year ago. On a daily basis, the overall index’s level at the end of April was down 2.7 percent from its reading at the end of March and was 1.8 percent below its level at the end of April 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: MAY 2006 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
04/06 110.016 108.334 101.725 117.464 112.761 101.396
03/06 110.754 108.340 103.625 118.213 113.840 102.507
04/05 110.068 115.256 96.001 114.602 114.976 100.853
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
03/06–04/06 –0.7 0.0 –1.8 –0.6 –0.9 –1.1
04/05–04/06 0.0 –6.0 6.0 2.5 –1.9 0.5
05/95–04/06 13.5 11.6 2.5 23.3 14.2 4.1
Daily Data
Levels:
04/28/06 108.040 106.864 98.827 115.517 111.797 99.271
03/31/06 111.004 109.425 102.996 118.181 113.654 102.590
04/28/05 110.069 116.056 95.977 113.838 114.591 100.894
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
03/31/06–04/28/06 –2.7 –2.3 –4.0 –2.3 –1.6 –3.2
04/28/05–04/28/06 –1.8 –7.9 3.0 1.5 –2.4 –1.6
05/08/95–04/28/06 12.8 10.7 2.2 22.6 13.4 3.2

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