Email
Print Friendly
A A A

Press Releases

For immediate release: June 10, 2002

DOLLAR DOWN FOR THIRD STRAIGHT MONTH IN MAY

In May the average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta fell 1.5 percent, its third consecutive monthly decline. Decreases were registered on all subindexes except the Americas subindex, which was up 0.1 percent from April. The European subindex registered the largest drop at 2.9 percent while the Pacific subindex registered a 2.2 percent decrease. The Pacific-excluding-Japan measure decreased 1.4 percent for the month. The classic subindex, which is the analogue of the original Atlanta index, was down 2.4 percent in May. The overall index in May was 0.2 percent higher than its year-ago level. On a daily basis, the overall index’s level at the end of May was 1.8 percent below its reading at the end of April and was 1.3 percent below its level at the end of May 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: JUNE 2002 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
05/02 128.905 127.546 132.559 129.233 125.715 124.080
04/02 130.853 127.438 136.542 132.154 127.502 127.078
05/01 128.629 125.157 138.545 127.480 126.049 124.604
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
04/02-05/02 -1.5 0.1 -2.9 -2.2 -1.4 -2.4
05/01-05/02 0.2 1.9 -4.3 1.4 -0.3 -0.4
05/95-05/02 33.0 31.4 33.6 35.6 27.3 27.3
Daily Data
Levels:
05/31/02 127.594 126.988 130.678 127.445 124.319 122.305
04/30/02 129.971 127.673 134.553 130.738 126.763 125.652
05/31/01 129.239 125.633 142.446 126.445 126.412 125.188
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
04/30/02-5/31/02 -1.8 -0.5 -2.9 -2.5 -1.9 -2.7
05/31/01-05/31/02 -1.3 1.1 -8.3 0.8 -1.7 -2.3
05/08/95-05/31/02 33.3 31.5 35.1 35.2 26.1 27.1

 

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