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For immediate release: September 8, 2003

DOLLAR UP AGAIN 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 rose 1.1 percent, its second consecutive monthly increase after nine straight months of decline. The dollar rose 1.8 percent on both the Americas and European subindexes and was unchanged on the Pacific and Pacific-excluding-Japan subindexes. The classic subindex, which is the analogue of the original Atlanta index, was up 0.8 percent. The overall index in August was 4.6 percent lower than its year-ago level. On a daily basis, the overall index’s level at the end of August was unchanged from its reading at the end of July but was 4.3 percent below its level at the end of August 2002.

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 2003 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
08/03 121.039 124.742 111.986 123.966 122.394 112.858
07/03 119.744 122.548 109.970 123.993 122.415 111.982
08/02 126.872 131.358 124.677 124.952 123.808 120.633
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
07/03-08/03 1.1 1.8 1.8 0.0 0.0 0.8
08/02-08/03 -4.6 -5.0 -10.2 -0.8 -1.1 -6.4
05/95-08/03 24.9 28.5 12.9 30.1 24.0 15.8
Daily Data
Levels:
08/29/03 121.149 124.919 113.579 123.027 122.227 112.640
07/31/03 121.123 124.631 111.171 124.845 122.608 113.253
08/30/02 126.590 130.840 124.267 124.950 123.973 120.281
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
07/31/03-08/29/03 0.0 0.2 2.2 -1.5 -0.3 -0.5
08/30/02-08/29/03 -4.3 -4.5 -8.6 -1.5 -1.4 -6.4
05/08/95-08/29/03 26.5 29.4 17.4 30.6 24.0 17.0

 

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