Special Drawing Rights, Monthly
XFORSD01LUM194N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
538,702,021.10
Year-over-Year Change
-5.76%
Date Range
3/1/1990 - 12/1/2014
Summary
The Special Drawing Rights (SDR) trend measures the monthly valuation of the International Monetary Fund's unit of account. It is a key indicator for monitoring global financial conditions and exchange rate policies.
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 IMF to supplement member countries' official reserves. It represents a basket of major global currencies and serves as a unit of account for IMF transactions and a store of value.
Methodology
The SDR value is calculated daily based on exchange rates for the U.S. dollar, euro, Chinese renminbi, Japanese yen, and British pound.
Historical Context
Policymakers and analysts closely follow the SDR trend to assess global liquidity, capital flows, and exchange rate dynamics.
Key Facts
- The SDR was created by the IMF in 1969.
- The SDR's value is based on a basket of major currencies.
- Over 200 billion SDRs are currently in circulation.
FAQs
Q: What does this economic trend measure?
A: The Special Drawing Rights (SDR) trend measures the monthly valuation of the International Monetary Fund's unit of account, which represents a basket of major global currencies.
Q: Why is this trend relevant for users or analysts?
A: The SDR trend is a key indicator for monitoring global financial conditions and exchange rate policies, as it provides insights into international reserve assets and capital flows.
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: Policymakers and analysts closely follow the SDR trend to assess global liquidity, capital flows, and exchange rate dynamics, which informs decisions on monetary policy and international financial stability.
Q: Are there update delays or limitations?
A: The SDR data is updated monthly by the Federal Reserve, with a short publication delay.
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Citation
U.S. Federal Reserve, Special Drawing Rights, Monthly (XFORSD01LUM194N), retrieved from FRED.