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For immediate release: March 7, 2005

DOLLAR CONTINUES ITS MODEST INCREASE 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 0.4 percent. The dollar was up modestly on all subindexes, except for the Pacific-excluding-Japan, which declined 0.6 percent in February. The European subindex registered a 0.6 percent increase, while the Americas and Pacific subindexes both rose 0.3 percent. The classic subindex, which is the analogue of the original Atlanta index, rose 0.6 percent in February. The overall index in February was 3.5 percent lower than its year-ago level. On a daily basis, the overall index’s level at the end of February was down 0.9 percent from its reading at the end of January and was 5.4 percent below its level at the end of February 2004.

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 2005 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
02/05 109.785 115.635 95.715 113.667 115.075 100.499
01/05 109.389 115.278 95.165 113.331 115.731 99.850
02/04 113.759 121.476 98.210 117.048 119.547 104.648
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
01/05–02/05 0.4 0.3 0.6 0.3 -0.6 0.6
02/04–02/05 -3.5 -4.8 -2.5 -2.9 -3.7 -4.0
05/95–02/05 13.3 19.1 -3.5 19.3 16.6 3.1
Daily Data
Levels:
02/28/05 108.655 114.811 93.789 112.774 114.072 99.346
01/31/05 109.638 115.849 95.531 113.189 115.324 100.246
02/27/04 114.889 121.169 99.562 118.464 120.021 105.849
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
01/31/05–02/28/05 -0.9 -0.9 -1.8 -0.4 -1.1 -0.9
02/27/04–02/28/05 -5.4 -6.0 -5.8 -4.8 -5.0 -6.1
05/08/95–02/28/05 13.5 18.9 -3.0 19.7 15.7 3.2

 

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