Special Drawing Rights, Monthly
XFORSD01FRM194N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,939,167,087.00
Year-over-Year Change
3.30%
Date Range
1/1/1957 - 12/1/2014
Summary
The Special Drawing Rights (SDR) trend measures the value of the International Monetary Fund's international reserve asset. It is an important indicator of global financial conditions and the strength of international currencies.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The SDR is a supplementary foreign exchange reserve asset created by the IMF to supplement the official reserves of its member countries. The SDR's value is based on a basket of major global currencies and is used in IMF transactions and as a unit of account.
Methodology
The SDR value is calculated daily by the IMF based on exchange rates for the U.S. dollar, euro, Chinese renminbi, Japanese yen, and British pound.
Historical Context
The SDR trend is closely monitored by central banks, international institutions, and financial markets as an indicator of global economic and monetary conditions.
Key Facts
- The SDR was created by the IMF in 1969.
- The SDR is used for IMF lending and as a unit of account.
- The SDR's value is based on a basket of 5 major currencies.
FAQs
Q: What does this economic trend measure?
A: The Special Drawing Rights (SDR) trend measures the value of the IMF's international reserve asset, which is based on a basket of major global currencies.
Q: Why is this trend relevant for users or analysts?
A: The SDR trend is an important indicator of global financial conditions and the relative strength of international currencies, making it closely monitored by central banks, institutions, and markets.
Q: How is this data collected or calculated?
A: The SDR value is calculated daily by the IMF based on exchange rates for the U.S. dollar, euro, Chinese renminbi, Japanese yen, and British pound.
Q: How is this trend used in economic policy?
A: The SDR trend is used by central banks, international institutions, and financial markets as an indicator of global economic and monetary conditions, informing policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The SDR data is published monthly with no significant update delays, providing a timely snapshot of this important global financial indicator.
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Citation
U.S. Federal Reserve, Special Drawing Rights, Monthly (XFORSD01FRM194N), retrieved from FRED.