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Press Releases

For immediate release: May 8, 2002

DOLLAR RETREATS AGAIN IN APRIL

In April the average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta declined 0.3 percent, its second straight monthly decline. Decreases were registered on all subindexes except the Americas subindex, which was unchanged from March. The European subindex registered the largest drop at 1.1 percent while the Pacific subindexes registered more modest declines. The classic subindex, which is the analogue of the original Atlanta index, was down 0.5 percent. The overall index in April was 1.4 percent higher than its year-ago level. On a daily basis, the overall index’s level at the end of April was 1.3 percent below its reading at the end of March but 1.0 percent above its level at the end of April 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: MAY 2002 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
04/02 130.853 127.438 136.542 132.154 127.502 127.078
03/02 131.303 127.417 138.111 132.457 127.801 127.750
04/01 129.070 126.446 136.228 128.641 126.597 124.916
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
03/02-04/02 -0.3 0.0 -1.1 -0.2 -0.2 -0.5
04/01-04/02 1.4 0.8 0.2 2.7 0.7 1.7
05/95-04/02 35.0 31.3 37.6 38.7 29.1 30.4
Daily Data
Levels:
04/30/02 129.971 127.673 134.553 130.738 126.763 125.652
03/29/02 131.738 127.526 138.667 133.167 127.856 128.386
04/30/01 128.628 125.007 137.015 128.478 126.429 124.528
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
03/29/02-04/30/02 -1.3 0.1 -3.0 -1.8 -0.9 -2.1
04/30/01-04/30/02 1.0 2.1 -1.8 1.8 0.3 0.9
05/08/95-04/30/02 35.8 32.2 39.1 38.7 28.6 30.6

 

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