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For immediate release: Oct. 8, 2002

DOLLAR UP IN SEPTEMBER

In September 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 second consecutive monthly gain following six straight months of decline. Increases were registered on all subindexes except the European measure, which fell 0.5 percent. The Americas subindex registered the largest increase, up 1.4 percent. The classic subindex, which is the analogue of the original Atlanta index, rose 0.5 percent in September. The overall index in September was 0.4 percent below its year-ago level. On a daily basis, the overall index’s level at the end of September was up 1.6 percent from its reading at the end of August but was 0.3 percent below its level at the end of September 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: OCTOBER 2002 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
09/02 127.899 133.136 124.073 126.314 124.592 121.213
08/02 126.872 131.358 124.677 124.952 123.808 120.633
09/01 128.390 128.658 133.264 126.393 126.521 123.427
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
08/02-09/02 0.8 1.4 -0.5 1.1 0.6 0.5
09/01-09/02 -0.4 3.5 -6.9 -0.1 -1.5 -1.8
05/95-09/02 32.0 37.1 25.0 32.5 26.2 24.4
Daily Data
Levels:
9/30/02 128.634 135.090 123.093 127.004 125.273 121.475
08/30/02 126.590 130.840 124.267 124.950 123.973 120.281
09/28//01 128.961 129.638 133.250 126.922 126.962 123.914
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
08/30/02-09/30/02 1.6 3.2 -0.9 1.6 1.0 1.0
09/28/01-09/30/02 -0.3 4.2 -7.6 0.1 -1.3 -2.0
05/08/95-09/30/02 34.4 39.9 27.3 34.8 27.1 26.2

 

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