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For immediate release: Sept. 7, 2004

DOLLAR UP MODESTLY 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 increased 0.1 percent. The dollar was up on each of the subindexes in August except the Americas measure, where the dollar fell 0.7 percent. The increases of 0.8 percent on the European and 0.4 percent on the Pacific subindexes helped keep the overall index in positive territory, as did the 0.2 percent increase on the Pacific-excluding-Japan index. The classic subindex, which is the analogue of the original Atlanta index, was up 0.2 percent in August. The overall index in August was 4.5 percent lower than its year-ago level. On a daily basis, the overall index’s level at the end of August was down 0.9 percent from its reading at the end of July and was 4.7 percent below its level at the end of August 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: SEPTEMBER 2004 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
08/04 115.563 121.727 101.458 119.364 120.823 106.106
07/04 115.502 122.627 100.644 118.913 120.619 105.923
08/03 121.039 124.742 111.986 123.966 122.394 112.858
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
07/04–08/04 0.1 -0.7 0.8 0.4 0.2 0.2
08/03–08/04 -4.5 -2.4 -9.4 -3.7 -1.3 -6.0
05/95–08/04 19.2 25.4 2.2 25.2 22.4 8.9
Daily Data
Levels:
08/30/04 115.417 121.779 101.731 118.718 120.657 106.017
07/30/04 116.514 122.855 102.527 120.089 121.188 107.095
08/29/03 121.149 124.919 113.579 123.027 122.227 112.640
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
07/30/04–08/30/04 -0.9 -0.9 -0.8 -1.1 -0.4 -1.0
08/31/03–08/30/04 -4.7 -2.5 -10.4 -3.5 -1.3 -5.9
05/08/95–08/30/04 20.6 26.1 5.2 26.0 22.4 10.2

 

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