Special Drawing Rights, Annual
XFORSD01FIA194N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,111,151,942.00
Year-over-Year Change
-11.24%
Date Range
1/1/1957 - 1/1/2014
Summary
The Special Drawing Rights (SDR) Annual trend measures the value of the IMF's international reserve asset. It is an important indicator for global financial stability and international monetary policy.
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 member countries' official reserves. The annual SDR valuation reflects the relative strength of the currencies that make up the SDR basket.
Methodology
The SDR value is calculated daily based on a weighted average of the U.S. dollar, euro, Japanese yen, British pound, and Chinese renminbi exchange rates.
Historical Context
Central banks and policymakers monitor the SDR trend to assess global liquidity and the international monetary system.
Key Facts
- The SDR was created by the IMF in 1969.
- The SDR basket is reviewed and updated every 5 years.
- China's renminbi joined the SDR basket in 2016.
FAQs
Q: What does this economic trend measure?
A: The Special Drawing Rights (SDR) Annual trend measures the value of the IMF's international reserve asset used to supplement member countries' official reserves.
Q: Why is this trend relevant for users or analysts?
A: The SDR valuation is an important indicator for global financial stability and international monetary policy, monitored by central banks and policymakers.
Q: How is this data collected or calculated?
A: The SDR value is calculated daily based on a weighted average of the U.S. dollar, euro, Japanese yen, British pound, and Chinese renminbi exchange rates.
Q: How is this trend used in economic policy?
A: Central banks and policymakers use the SDR trend to assess global liquidity and the health of the international monetary system.
Q: Are there update delays or limitations?
A: The SDR basket is reviewed and updated by the IMF every 5 years to reflect changes in the global economy.
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Citation
U.S. Federal Reserve, Special Drawing Rights, Annual (XFORSD01FIA194N), retrieved from FRED.