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For immediate release: April 7, 2005

DOLLAR DECLINED SLIGHTLY 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 0.8 percent. The dollar was down on all subindexes. The European subindex registered a 1.2 percent decrease, while the Americas subindex declined 1.0 percent. The Pacific-excluding-Japan and Pacific subindexes declined 0.6 percent and 0.2 percent respectively. The classic subindex, which is the analogue of the original Atlanta index, was down 1.0 percent in March. The overall index in March was 5.1 percent lower than its year-ago level. On a daily basis, the overall index’s level at the end of March was 0.9 percent above its reading at the end of February but was 3.5 percent below its level at the end of March 2004.

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 2005 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
03/05 108.957 114.446 94.550 113.404 114.389 99.495
02/05 109.785 115.635 95.715 113.667 115.075 100.499
03/04 114.829 121.298 101.040 118.089 119.946 105.847
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
02/05–03/05 -0.8 -1.0 -1.2 -0.2 -0.6 -1.0
03/04–03/05 -5.1 -5.6 -6.4 -4.0 -4.6 -6.0
05/95–03/05 12.4 17.9 -4.7 19.0 15.9 2.1
Daily Data
Levels:
03/31/05 109.637 114.015 95.945 114.674 115.080 100.233
02/28/05 108.655 114.811 93.789 112.774 114.072 99.346
03/31/04 113.598 120.703 100.640 115.621 119.055 104.308
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
02/28/05–03/31/05 0.9 -0.7 2.3 1.7 0.9 0.9
03/31/04–03/31/05 -3.5 -5.5 -4.7 -0.8 -3.3 -3.9
05/08/95–03/31/05 14.5 18.1 -0.8 21.7 16.7 4.2

 

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