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Press Releases

For immediate release: April 6, 2006

DOLLAR APPRECIATED MODERATELY 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 increased by 0.3 percent—the same increase as in February. The dollar gained the most on the Americas subindex, which increased 1.2 percent in March. The Pacific-excluding-Japan subindex was nearly flat in March, inching up 0.1 percent. Both the Europe and the Pacific subindexes declined modestly during the month by 0.5 and 0.1 percent, respectively. The classic subindex, which is the analogue of the original Atlanta index, was virtually unchanged in March. The overall index in March was 1.6 percent above its year-ago level. On a daily basis, the overall index’s level at the end of March was up 1.1 percent from its reading at the end of February and was 1.2 percent above its level at the end of March 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: APRIL 2006 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
03/06 110.754 108.340 103.625 118.213 113.840 102.507
02/06 110.436 107.053 104.125 118.371 113.708 102.468
03/05 108.957 114.446 94.550 113.404 114.389 99.495
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
02/06–03/06 0.3 1.2 –0.5 –0.1 0.1 0.0
03/05–03/06 1.6 –5.3 9.6 4.2 –0.5 3.0
05/95–03/06 14.3 11.6 4.4 24.0 15.3 5.2
Daily Data
Levels:
03/31/06 111.004 109.425 102.996 118.181 113.654 102.590
02/28/06 109.795 106.188 104.167 117.475 113.624 101.856
03/31/05 109.637 114.015 95.945 114.674 115.080 100.233
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
02/28/06–03/31/06 1.1 3.0 –1.1 0.6 0.0 0.7
03/31/05–03/31/06 1.2 –4.0 7.3 3.1 –1.2 2.4
05/08/95–03/31/06 15.9 13.3 6.5 25.4 15.3 6.6

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