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For immediate release: April 8, 2002

DOLLAR EASES DOWN IN MARCH

In March 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. Decreases were registered on all subindexes and were largely uniform. The classic subindex, which is the analogue of the original Atlanta index, was down 0.7 percent. The overall index in March was 2.3 percent higher than its year-ago level. On a daily basis, the overall index’s level at the end of March was 0.7 percent below its reading at the end of February but 1.0 percent above its reading at the end of March 2001.

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: APRIL 2002 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
03/02 131.303 127.417 138.111 132.457 127.801 127.750
02/02 132.245 128.243 138.912 133.641 127.994 128.659
03/01 128.309 127.283 134.256 126.953 125.356 123.711
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
02/02-03/02 -0.7 -0.6 -0.6 -0.9 -0.2 -0.7
03/01-03/02 2.3 0.1 2.9 4.3 2.0 3.3
05/95-03/02 35.5 31.2 39.2 39.0 29.4 31.1
Daily Data
Levels:
03/29/02 131.738 127.526 138.667 133.167 127.856 128.386
02/28/02 132.629 128.636 139.708 133.786 128.021 129.127
03/30/01 130.457 128.085 138.169 129.514 126.761 126.243
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
02/28/02-03/29/02 -0.7 -0.9 -0.7 -0.5 -0.1 -0.6
02/28/02-03/29/02 1.0 -0.4 0.4 2.8 0.9 1.7
05/08/95-03/29/02 37.6 32.1 43.4 41.3 29.7 33.4

 

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