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For immediate release: Sept. 9, 2002

DOLLAR REBOUNDS IN AUGUST

In August the average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta rose 1.2 percent, its first monthly gain in six months. Increases were registered on all subindexes with both the Americas and Europe measures registering 1.5 percent increases. Both the Pacific and Pacific-excluding-Japan subindexes registered 0.8 percent gains from July. The classic subindex, which is the analogue of the original Atlanta index, rose 1.2 percent in August. The overall index in August was 0.9 percent lower than its year-ago level. On a daily basis, the overall index’s level at the end of August was 0.5 percent below its reading at the end of July and was 0.8 percent below its level at the end of August 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: SEPTEMBER 2002 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
08/02 126.872 131.358 124.677 124.952 123.808 120.633
07/02 125.344 129.453 122.808 123.920 122.865 119.162
08/01 128.024 125.603 135.057 127.419 126.236 123.689
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
07/02-08/02 1.2 1.5 1.5 0.8 0.8 1.2
08/01-08/02 -0.9 4.6 -7.7 -1.9 -1.9 -2.5
05/95-08/02 30.9 35.3 25.6 31.1 25.4 23.8
Daily Data
Levels:
8/30/02 126.590 130.840 124.267 124.950 123.973 120.281
07/31/02 127.263 132.790 124.011 125.027 123.375 120.826
08/31/01 127.584 126.406 133.950 126.104 125.930 123.013
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
07/31/02-08/30/02 -0.5 -1.5 0.2 -0.1 0.5 -0.5
08/31/01-08/30/02 -0.8 3.5 -7.2 -0.9 -1.6 -2.2
05/08/95-08/30/02 32.2 35.5 28.5 32.6 25.8 25.0

 

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