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For immediate release: Sept. 6, 2007

Dollar Appreciated 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 0.2 percent in August, following six consecutive monthly declines. The dollar gained the most against the Americas subindex—up 1.3 percent. The Pacific-excluding-Japan subindex rose 0.9 percent, and the Europe measure was higher by 0.8 percent. Meanwhile, the Pacific subindex fell 1.1 percent. The classic subindex, which is the analogue of the original Atlanta index, was down 0.1 percent in August. The overall index was 3.3 percent below its year-ago level. On a daily basis, the overall index decreased 0.1 percent from the end of July to the end of August and was down 3.4 percent from its value at the end of August 2006.

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 2007 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
08/07 104.317 102.467 91.336 115.164 109.267 95.540
07/07 104.063 101.140 90.629 116.451 108.342 95.644
08/06 107.834 106.283 96.906 116.945 112.689 99.201
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
07/07–08/07 0.2 1.3 0.8 –1.1 0.9 –0.1
08/06–08/07 –3.3 –3.6 –5.7 –1.5 –3.0 –3.7
05/95–08/07 7.6 5.5 –8.0 20.8 10.7 –1.9
Daily Data
Levels:
08/31/07 104.148 102.237 91.327 114.906 109.439 95.349
07/31/07 104.288 102.399 90.670 115.659 108.516 95.754
08/31/06 107.797 105.632 96.911 117.537 112.693 99.122
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
07/31/07–08/31/07 –0.1 –0.1 0.6 –0.7 0.9 –0.4
08/31/06–08/31/07 –3.4 –3.1 –5.9 –2.2 –2.9 –3.8
05/08/95–08/31/07 8.8 6.0 –5.7 21.9 11.0 –0.9

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