Email
Print Friendly
A A A

Press Releases


For immediate release: March 6, 2003

DOLLAR REGISTERS MODEST DECLINE 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 fell 0.2 percent, its fourth straight monthly decline. Decreases were registered on the European and Americas sudindexes, which dropped 1 and 0.2 percent, respectively. The Pacific and Pacific-excluding-Japan measures registered minor increases in February. The classic subindex, which is the analogue of the original Atlanta index, declined 0.7 percent in February. The overall index in February was 5.5 percent below its year-ago level. On a daily basis, the overall index’s level at the end of February was 0.5 percent below its reading at the end of January and was 6.1 percent below its level at the end of February 2002.

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 2003 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
02/03 125.028 133.215 114.418 124.895 123.464 116.566
01/03 125.241 133.429 115.596 124.487 123.157 117.371
02/02 132.245 128.243 138.912 133.641 127.994 128.659
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
01/03-02/03 -0.2 -0.2 -1.0 0.3 0.2 -0.7
02/02-02/03 -5.5 3.9 -17.6 -6.5 -3.5 -9.4
05/95-02/03 29.0 37.2 15.3 31.1 25.0 19.6
Daily Data
Levels:
02/28/03 124.552 132.053 114.991 124.339 123.339 115.948
01/31/03 125.192 133.856 114.225 124.856 122.954 116.863
02/28/02 132.629 128.636 139.708 133.786 128.021 129.127
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
01/31/03-02/28/03 -0.5 -1.3 0.7 -0.4 0.3 -0.8
02/28/02-02/28/03 -6.1 2.7 -17.7 -7.1 -3.7 -10.2
05/08/95-02/28/03 30.1 36.8 18.9 31.9 25.1 20.5

 

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