March 2002 (February data)
March 2002 (February data)For immediate release: March 7, 2002
DOLLAR POSTS SMALL GAIN IN FEBRUARY
In February the average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta rose 0.3 percent. Increases were registered on all measures except the Americas subindex, which declined 0.2 percent. Pushing the overall index up were a 1.3 percent rise on the European subindex and more modest gains on the Pacific measures. The classic subindex, which is the analogue of the original Atlanta index, was up 0.4 percent. The overall index in February was 4.9 percent higher than its year-ago level. On a daily basis, the overall index’s level at the end of February was unchanged from its reading at the end of January and 4.8 percent stronger than its level at the end of February 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: MARCH 2002 UPDATE
(1995 = 100)