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For immediate release: May 7, 2007

Dollar Depreciates 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 1.3 percent in April from the previous month. Except for the Pacific subindex, which increased 0.2 percent, all other subindexes were lower in April. The Americas subindex fell 2.4 percent, followed by a 1.9 percent decline in the Europe subindex and a 0.7 percent decrease in the Pacific-excluding-Japan measure. The classic subindex, which is the analogue of the original Atlanta index, declined 1.2 percent in April. The overall index in April was down 3 percent from a year ago. On a daily basis, the overall index fell 1.4 percent from the end of March to the end of April and was 2 percent below its level at the end of April 2006.

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 2007 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
04/07 106.749 107.317 92.165 116.269 109.616 98.206
03/07 108.114 109.914 93.953 116.061 110.364 99.428
04/06 110.016 108.334 101.725 117.464 112.761 101.396
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
03/07–04/07 –1.3 –2.4 –1.9 0.2 –0.7 –1.2
04/06–04/07 –3.0 –0.9 –9.4 –1.0 –2.8 –3.1
05/95–04/07 10.1 10.5 –7.1 22.0 11.0 0.8
Daily Data
Levels:
04/30/07 105.885 105.416 91.300 116.489 109.642 97.337
03/30/07 107.381 108.687 93.058 115.936 109.967 98.771
04/28/06 108.040 106.864 98.827 115.517 111.797 99.271
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
03/30/07–04/30/07 –1.4 –3.0 –1.9 0.5 –0.3 –1.5
04/28/06–04/30/07 –2.0 –1.4 –7.6 0.8 –1.9 –1.9
05/08/95–04/30/07 10.6 9.2 –5.6 23.6 11.2 1.1

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