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Press Releases

For immediate release: September 6, 2006

DOLLAR DEPRECIATES IN AUGUST

The average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta declined 0.7 percent in August from the previous month. The Europe and the Americas subindexes fell 2 percent and 1 percent, respectively. The Pacific and the Pacific-excluding-Japan subindexes were only slightly higher in August—up 0.1 percent each. The classic subindex, which is the analogue of the original Atlanta index, fell 0.6 percent in August. The overall index was 2.5 percent lower in August compared to a year ago. On a daily basis, the overall index was down 0.3 percent at the end of August from its level at the end of July and was 2.5 percent below its reading at the end of August 2005.

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 2006 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
08/06 107.834 106.283 96.225 116.945 112.689 99.201
07/06 108.543 107.379 98.224 116.821 112.587 99.810
08/05 110.601 111.534 101.166 116.140 115.071 102.170
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
07/06–08/06 –0.7 –1.0 –2.0 0.1 0.1 –0.6
08/05–08/06 –2.5 –4.7 –4.9 0.7 –2.1 –2.9
05/95–08/06 11.3 9.5 –3.0 22.7 14.1 1.8
Daily Data
Levels:
08/31/06 107.797 105.632 96.911 117.537 112.693 99.122
07/31/06 108.079 107.246 97.450 116.205 112.482 99.407
08/31/05 110.566 110.929 100.838 116.888 116.160 101.995
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
07/31/06–08/31/06 –0.3 –1.5 –0.6 1.1 0.2 –0.3
08/31/05–08/31/06 –2.5 –4.8 –3.9 0.6 –3.0 –2.8
05/08/95–08/31/06 12.6 9.4 0.2 24.7 14.3 3.0

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