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For immediate release: September 11, 2001

DOLLAR SLIPS IN AUGUST

In August the average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta fell 1.4 percent. Declines were registered on all subindexes except the Americas measure, which rose a modest 0.4 percent. The European subindex registered the largest decline at 3.8 percent. The classic subindex, which is the analogue of the original Atlanta index, was down 1.6 percent. The overall index in August was 4.8 percent higher than its year-ago level. On a daily basis, the overall index's level at the end of August was 1.4 percent below its reading at the end of July but was 4.4 percent above its level at the end of August 2000.

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: SEPTEMBER 2001 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
08/01 128.024 125.603 135.057 127.419 126.236 123.689
07/01 129.809 125.119 140.421 129.554 127.530 125.705
08/00 122.209 121.032 133.857 117.607 119.448 117.717
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
07/01-08/01 -1.4 0.4 -3.8 -1.6 -1.0 -1.6
08/00-08/01 4.8 3.8 0.9 8.3 5.7 5.1
05/95-08/01 32.1 29.4 36.1 33.7 27.9 26.9
Daily Data
Levels:
08/31/01 127.584 126.406 133.950 126.104 125.930 123.013
07/31/01 129.353 124.956 138.477 129.607 127.296 125.252
08/31/00 122.207 120.241 136.563 116.936 119.388 117.817
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
07/31/01-08/31/01 -1.4 1.2 -3.3 -2.7 -1.1 -1.8
08/31/00-08/31/01 4.4 5.1 -1.9 7.8 5.5 4.4
05/08/95-08/31/01 33.3 30.9 38.5 33.8 27.8 27.8

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