Special Drawing Rights, Quarterly
XFORSD01EEQ194N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
295,132,557.40
Year-over-Year Change
132.01%
Date Range
10/1/1992 - 10/1/2014
Summary
This economic trend tracks the value of Special Drawing Rights (SDRs), an international reserve asset created by the International Monetary Fund (IMF) to supplement member countries' official reserves.
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
SDRs are not a currency, but represent a claim to freely usable currencies. The value of SDRs is based on a basket of major global currencies and is used in IMF transactions and to denominate some international financial instruments.
Methodology
The SDR value is calculated daily by the IMF based on exchange rates of the basket currencies.
Historical Context
The SDR valuation is monitored by policymakers, economists, and international institutions to assess global economic conditions and liquidity.
Key Facts
- SDRs were created by the IMF in 1969.
- The SDR basket is reviewed and adjusted every 5 years.
- SDRs can be exchanged for freely usable currencies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of Special Drawing Rights (SDRs), an international reserve asset created by the IMF.
Q: Why is this trend relevant for users or analysts?
A: The SDR valuation is used by policymakers, economists, and international institutions to assess global economic conditions and liquidity.
Q: How is this data collected or calculated?
A: The SDR value is calculated daily by the IMF based on exchange rates of the basket currencies.
Q: How is this trend used in economic policy?
A: The SDR valuation is monitored by policymakers and institutions to evaluate global economic conditions and liquidity.
Q: Are there update delays or limitations?
A: The SDR basket is reviewed and adjusted by the IMF every 5 years.
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Citation
U.S. Federal Reserve, Special Drawing Rights, Quarterly (XFORSD01EEQ194N), retrieved from FRED.