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For immediate release: March 7, 2007

Dollar Depreciates 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 in February from the previous month. The Europe subindex posted the biggest decline, down 0.5 percent in February. The Americas subindex dropped 0.3 percent, followed by a 0.1 percent decline in the Pacific-excluding-Japan measure. The Pacific subindex was unchanged in February. The classic subindex, which is the analogue of the original Atlanta index, was down 0.3 percent in February. The overall index in February was 1.5 percent below its year-ago level. On a daily basis, the overall index decreased 0.8 percent from the end of January to the end of February and was 1.3 percent lower than its value at the end of February 2006.

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 2007 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
02/07 108.753 109.755 94.779 117.415 110.443 100.250
01/07 109.006 110.080 95.254 117.437 110.510 100.517
02/06 110.436 107.053 104.125 118.371 113.708 102.468
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
01/07–02/07 –0.2 –0.3 –0.5 0.0 –0.1 –0.3
02/06–02/07 –1.5 2.5 –9.0 –0.8 –2.9 –2.2
05/95–02/07 12.2 13.1 –4.5 23.2 11.9 2.9
Daily Data
Levels:
02/28/07 108.390 110.234 93.890 116.548 110.450 99.633
01/31/07 109.265 110.461 95.218 117.789 110.708 100.719
02/28/06 109.795 106.188 104.167 117.475 113.624 101.856
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
01/31/07–02/28/07 –0.8 –0.2 –1.4 –1.1 –0.2 –1.1
02/28/06–02/28/07 –1.3 3.8 –9.9 –0.8 –2.8 –2.2
05/08/95–02/28/07 13.2 14.2 –2.9 23.7 12.1 3.5

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