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For immediate release: Nov. 7, 2007

Dollar Depreciated Further in October

The average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta decreased 2.3 percent in October from the previous month. The dollar fell against all major subindexes, posting the greatest loss against the Americas subindex, dropping 4.1 percent in October. The Europe subindex fell 2 percent, followed by 1.7 percent in the Pacific-excluding-Japan and 0.7 percent in the Pacific. The classic subindex, which is the analogue of the original Atlanta index, was down 2.2 percent. The overall index was 7.8 percent below its year-ago level. On a daily basis, the overall index decreased 2.1 percent from the end of September to the end of October and was down 8.3 percent from its value at the end of October 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: NOVEMBER 2007 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
10/07 100.382 96.146 88.065 113.306 106.843 91.802
09/07 102.723 100.284 89.841 114.102 108.660 93.909
10/06 108.822 106.936 98.302 118.032 112.659 100.266
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
09/07–10/07 –2.3 –4.1 –2.0 –0.7 –1.7 –2.2
10/06–10/07 –7.8 –10.1 –10.4 –4.0 –5.2 –8.4
05/95–10/07 3.6 –1.0 –11.3 18.9 8.2 –5.8
Daily Data
Levels:
10/31/07 98.890 93.995 86.660 112.473 105.895 90.422
09/28/07 101.040 97.860 88.156 113.204 107.260 92.323
10/31/06 107.799 106.208 96.991 116.857 111.941 99.323
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
09/28/07–10/31/07 –2.1 –3.9 –1.7 –0.6 –1.3 –2.1
10/31/06–10/31/07 –8.3 –11.5 –10.7 –3.8 –5.4 –9.0
05/08/95–10/31/07 3.3 –2.6 –10.4 19.4 7.4 –6.0

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