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For immediate release: Nov. 7, 2002

DOLLAR GAINS AGAIN IN OCTOBER

In October the average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta rose 0.8 percent, its third consecutive monthly gain. Increases were registered on all subindexes except the European measure, which declined 0.1 percent. The Pacific subindex registered the largest increase, up 1.4 percent. The classic subindex, which is the analogue of the original Atlanta index, gained 0.6 percent in October. The overall index in October was 0.3 percent below its year-ago level. On a daily basis, the overall index’s level at the end of October was down 0.5 percent from its reading at the end of September and was down 1.3 percent from its level at the end of October 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: NOVEMBER 2002 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
10/02 128.920 134.157 124.006 128.054 125.484 121.984
09/02 127.899 133.136 124.073 126.314 124.592 121.213
10/01 129.251 128.652 134.237 128.071 127.270 124.486
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
09/02-10/02 0.8 0.8 -0.1 1.4 0.7 0.6
10/01-10/02 -0.3 4.3 -7.6 0.0 -1.4 -2.0
05/95-10/02 33.0 38.2 25.0 34.4 27.1 25.2
Daily Data
Levels:
10/31/02 128.023 133.111 123.220 127.181 124.828 121.018
09/30/02 128.634 135.090 123.093 127.004 125.273 121.475
10/31/01 129.724 129.111 134.776 128.537 127.267 125.182
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
08/30/02-10/31/02 -0.5 -1.5 0.1 0.1 -0.4 -0.4
10/31/01-10/31/02 -1.3 3.1 -8.6 -1.1 -1.9 -3.3
05/08/95-10/31/02 33.7 37.9 27.4 35.0 26.6 25.7

 

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