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Press Releases

For immediate release: March 6, 2006

DOLLAR APPRECIATED SLIGHTLY 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 increased by 0.3 percent. The dollar gained the most on the European subindex, which advanced 1.5 percent, followed by a 0.8 percent increase in the Pacific subindex. The Pacific-excluding-Japan subindex was nearly flat in February, edging down 0.1 percent, while the Americas subindex decreased 0.9 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 0.6 percent higher than its year-ago level. On a daily basis, the overall index’s level at the end of February was up 0.2 percent from its reading at the end of January and was 1 percent above its level at the end of February 2005.

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 2006 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
02/06 110.436 107.053 104.125 118.371 113.708 102.468
01/06 110.096 107.997 102.578 117.461 113.834 101.894
02/05 109.785 115.635 95.715 113.667 115.075 100.499
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
01/06–02/06 0.3 –0.9 1.5 0.8 –0.1 0.6
02/05–02/06 0.6 –7.4 8.8 4.1 –1.2 2.0
05/95–02/06 13.9 10.3 4.9 24.2 15.2 5.2
Daily Data
Levels:
02/28/06 109.795 106.188 104.167 117.475 113.624 101.856
01/31/06 109.575 106.720 102.215 117.621 113.144 101.511
02/28/05 108.655 114.811 93.789 112.774 114.072 99.346
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
01/31/06–02/28/06 0.2 –0.5 1.9 –0.1 0.4 0.3
02/28/05–02/2806 1.0 –7.5 11.1 4.2 –0.4 2.5
05/08/95–02/28/06 14.7 10.0 7.7 24.7 15.3 5.8

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