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For immediate release: Nov. 6, 2006

DOLLAR APPRECIATES IN OCTOBER

The average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta rose 0.5 percent in October from the previous month. The dollar gained on all subindexes, with the Europe subindex posting the largest increase of 0.8 percent. The Pacific subindex rose 0.5 percent, followed by a 0.4 percent gain in the Americas subindex, and a 0.1 percent increase in the Pacific-excluding-Japan. The classic subindex, which is the analogue of the original Atlanta index, rose 0.8 percent in October. The overall index in October was 2.5 percent lower than its level a year ago. On a daily basis, the overall index was down 0.6 percent at the end of October from its reading at the end of September and was 3.7 percent below its level at the end of October 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: NOVEMBER 2006 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
10/06 108.822 106.936 98.302 118.032 112.659 100.266
09/06 108.254 106.512 97.566 117.408 112.577 99.509
10/05 111.624 110.083 103.308 119.005 116.813 103.193
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
09/06–10/06 0.5 0.4 0.8 0.5 0.1 0.8
10/05–10/06 –2.5 –2.9 –4.8 –0.8 –3.6 –2.8
05/95–10/06 12.3 10.1 –0.9 23.8 14.1 2.9
Daily Data
Levels:
10/31/06 107.799 106.208 96.991 116.857 111.941 99.323
09/29/06 108.438 106.414 97.925 117.774 112.652 99.710
10/31/05 111.891 110.064 103.437 119.679 116.885 103.545
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
09/29/06–10/31/06 –0.6 –0.2 –1.0 –0.8 –0.6 –0.4
10/31/05–10/31/06 –3.7 –3.5 –6.2 –2.4 –4.2 –4.1
05/08/95–10/31/06 12.6 10.0 0.3 24.0 13.6 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