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For immediate release: Oct. 6, 2005

DOLLAR DEPRECIATED SLIGHTLY 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 fell 0.2 percent. The dollar gained 0.8 percent on the Pacific-excluding-Japan subindex, 0.7 percent on the Pacific subindex, and 0.2 percent on the European subindex but declined 1.3 percent on the Americas subindex. The classic subindex, which is the analogue of the original Atlanta index, was down 0.3 percent in September. The overall index in September was 4.0 percent lower than its year-ago level. On a daily basis, the overall index’s level at the end of September was up 0.2 percent from its reading at the end of August and was 2.8 percent below its level at the end of September 2004.

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 2005 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
09/05 110.380 110.030 101.390 116.927 115.939 101.864
08/05 110.601 111.534 101.166 116.140 115.071 102.170
09/04 114.981 120.281 101.600 119.083 120.450 105.453
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
08/05–09/05 -0.2 -1.3 0.2 0.7 0.8 -0.3
09/04–09/05 -4.0 -8.5 -0.2 -1.8 -3.7 -3.4
05/95–09/05 13.9 13.3 2.2 22.7 17.4 4.5
Daily Data
Levels:
09/30/05 110.757 108.822 103.034 118.107 116.439 102.346
08/31/05 110.566 110.929 100.838 116.888 116.160 101.995
09/30/04 113.948 118.481 100.198 119.024 120.267 104.478
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
08/31/05–09/30/05 0.2 -1.9 2.2 1.0 0.2 0.3
09/30/04–09/30/05 -2.8 -8.2 2.8 -0.8 -3.2 -2.0
05/08/95–09/30/05 15.7 12.7 6.5 25.3 18.1 6.3

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