Special Drawing Rights, Monthly
XFORSD01ATM194N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,078,319,340.00
Year-over-Year Change
19.77%
Date Range
1/1/1957 - 12/1/2014
Summary
The Special Drawing Rights (SDR) trend measures the monthly value of the IMF's international reserve asset used by central banks and governments. It's a key indicator of global economic stability and demand for international liquidity.
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 an international reserve asset created by the International Monetary Fund (IMF) to supplement the official reserves of its member countries. The monthly SDR value reflects the weighted exchange rate of a basket of major global currencies, providing insight into global financial conditions.
Methodology
The IMF calculates the SDR value daily based on exchange rates for the U.S. dollar, euro, Chinese renminbi, Japanese yen, and British pound.
Historical Context
Central banks and policymakers monitor the SDR trend to assess international economic and financial stability.
Key Facts
- The SDR was created by the IMF in 1969 to supplement member countries' official reserves.
- The SDR value is based on a basket of five major currencies: USD, EUR, CNY, JPY, GBP.
- Central banks can hold and exchange SDRs to support their countries' international reserve positions.
FAQs
Q: What does this economic trend measure?
A: The Special Drawing Rights (SDR) trend measures the monthly value of the IMF's international reserve asset used by central banks and governments.
Q: Why is this trend relevant for users or analysts?
A: The SDR trend provides insight into global financial conditions and the demand for international liquidity, which is relevant for central banks, policymakers, and economists.
Q: How is this data collected or calculated?
A: The IMF calculates the daily SDR value 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: Central banks and policymakers monitor the SDR trend to assess international economic and financial stability, which informs their policy decisions.
Q: Are there update delays or limitations?
A: The SDR data is updated monthly by the IMF and available through FRED with minimal delay.
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Citation
U.S. Federal Reserve, Special Drawing Rights, Monthly (XFORSD01ATM194N), retrieved from FRED.