Email
Print Friendly
A A A

Press Releases

For immediate release: July 9, 2002

DOLLAR DOWN AGAIN IN JUNE

In June the average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta fell 1.3 percent, its fourth consecutive monthly decline. Decreases were registered on all subindexes except the Americas subindex, which was up 0.5 percent from May. The European subindex registered the largest drop at 3.5 percent, while the Pacific subindex registered a 1.7 percent decrease. The Pacific-excluding-Japan measure decreased 1.2 percent for the month. The classic subindex, which is the analogue of the original Atlanta index, was down 2.1 percent in June. The overall index in June was 1.6 percent lower than its year-ago level. On a daily basis, the overall index’s level at the end of June was 1.4 percent below its reading at the end of May, and was 2.9 percent below its level at the end of June 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: JULY 2002 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
06/02 127.224 128.135 127.934 126.986 124.144 121.506
05/02 128.905 127.546 132.559 129.233 125.715 124.080
06/01 129.244 124.237 141.846 128.189 126.819 125.310
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
05/02-06/02 -1.3 0.5 -3.5 -1.7 -1.2 -2.1
06/01-06/02 -1.6 3.1 -9.8 -0.9 -2.1 -3.0
05/95-06/02 31.3 32.0 28.9 33.2 25.7 24.7
Daily Data
Levels:
06/28/02 125.787 128.503 124.190 125.126 123.483 119.443
05/31/02 127.594 126.988 130.678 127.445 124.319 122.305
06/29/01 129.593 123.571 142.436 129.453 127.232 125.844
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
05/31/02-06/28/02 -1.4 1.2 -5.0 -1.8 -0.7 -2.3
06/29/01-06/28/02 -2.9 4.0 -12.8 -3.3 -2.9 -5.1
05/08/95-06/28/02 31.4 33.1 28.4 32.8 25.3 24.1

 

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