Email
Print Friendly
A A A

Press Releases

For immediate release: Dec. 9, 2002

DOLLAR SLIPS BACK IN NOVEMBER

In November the average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta fell 1 percent, its first monthly decline in four months. Decreases were registered on all subindexes, with the European subindex registering the largest decline at 1.7 percent. The classic subindex, which is the analogue of the original Atlanta index, declined 1.2 percent. The overall index in November was 1.7 percent lower than its year-ago level. On a daily basis, the overall index’s level at the end of November was down 0.1 percent from its reading at the end of October and was down 1.1 percent from its level at the end of November 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: DECEMBER 2002 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
11/02 127.654 133.811 121.839 126.435 124.416 120.564
10/02 128.920 134.157 124.006 128.054 125.484 121.984
11/01 129.870 128.856 136.431 128.225 126.840 125.591
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
10/02-11/02 -1.0 -0.3 -1.7 -1.3 -0.9 -1.2
11/01-11/02 -1.7 3.8 -10.7 -1.4 -1.9 -4.0
05/95-11/02 31.7 37.8 22.8 32.7 26.0 23.7
Daily Data
Levels:
11/29/02 127.951 133.481 122.926 126.831 124.288 120.898
10/31/02 128.023 133.111 123.220 127.181 124.828 121.018
11/30/01 129.413 127.807 135.769 128.440 126.615 125.046
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
10/31/02-11/29/02 -0.1 0.3 -0.2 -0.3 -0.4 -0.1
11/30/01-11/29/02 -1.1 4.4 -9.5 -1.3 -1.8 -3.3
05/08/95-11/29/02 33.6 38.3 27.1 34.6 26.1 25.6

 

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