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For immediate release: Oct. 6, 2004

DOLLAR DOWN IN SEPTEMBER

In September the average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta declined 0.5 percent. The dollar was down on each of the subindexes in September except the European measure, where the dollar inched up 0.1 percent. The Americas subindex declined 1.2 percent, while the Pacific and Pacific-excluding-Japan subindexes logged more modest declines of 0.2 and 0.3 percent, respectively. The classic subindex, which is the analogue of the original Atlanta index, was down 0.6 percent in September. The overall index in September was 3.7 percent lower than its year-ago level. On a daily basis, the overall index’s level at the end of September was down 1.3 percent from its reading at the end of August and was 3.1 percent below its level at the end of September 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: OCTOBER 2004 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
09/04 114.981 120.281 101.600 119.083 120.450 105.453
08/04 115.563 121.727 101.458 119.364 120.823 106.106
09/03 119.377 123.090 110.819 121.896 121.717 110.920
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
08/04–09/04 -0.5 -1.2 0.1 -0.2 -0.3 -0.6
09/03–09/04 -3.7 -2.3 -8.3 -2.3 -1.0 -4.9
05/95–09/04 18.6 23.9 2.4 25.0 22.0 8.2
Daily Data
Levels:
09/30/04 113.948 118.481 100.198 119.024 120.267 104.478
08/31/04 115.417 121.779 101.731 118.718 120.657 106.017
09/30/03 117.586 122.613 107.259 119.939 120.901 108.850
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
08/31/04–09/30/04 -1.3 -2.7 -1.5 0.3 -0.3 -1.5
09/30/03–09/30/04 -3.1 -3.4 -6.6 -0.8 -0.5 -4.0
05/08/95–09/30/04 19.0 22.7 3.6 26.3 22.0 8.6

 

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