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For immediate release: March 7, 2002

DOLLAR POSTS SMALL GAIN IN FEBRUARY

In February the average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta rose 0.3 percent. Increases were registered on all measures except the Americas subindex, which declined 0.2 percent. Pushing the overall index up were a 1.3 percent rise on the European subindex and more modest gains on the Pacific measures. The classic subindex, which is the analogue of the original Atlanta index, was up 0.4 percent. The overall index in February was 4.9 percent higher than its year-ago level. On a daily basis, the overall index’s level at the end of February was unchanged from its reading at the end of January and 4.8 percent stronger than its level at the end of February 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: MARCH 2002 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
02/02 132.245 128.243 138.912 133.641 127.994 128.659
01/02 131.809 128.552 137.163 133.189 127.903 128.107
02/01 126.029 125.457 132.705 123.715 123.741 121.059
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
01/02-02/02 0.3 -0.2 1.3 0.3 0.1 0.4
02/01-02/02 4.9 2.2 4.7 8.0 3.4 6.3
05/95-02/02 36.4 32.1 40.0 40.2 29.6 32.0
Daily Data
Levels:
02/28/02 132.629 128.636 139.708 133.786 128.021 129.127
01/31/02 132.624 128.148 140.553 133.787 127.957 129.025
02/28/01 126.512 126.043 132.846 124.305 123.967 121.579
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
01/31/02-02/28/02 0.0 0.4 -0.6 0.0 0.1 0.1
02/28/01-02/28/02 4.8 2.1 5.2 7.6 3.3 6.2
05/08/95-02/28/02 38.5 33.2 44.5 42.0 29.9 34.2
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