Special Drawing Rights, Annual
XFORSD01FRA194N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,939,167,087.00
Year-over-Year Change
52.21%
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, used to supplement the official reserves of member countries. It is an important indicator of global financial conditions and reserve currency dynamics.
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 member countries. The annual SDR trend reflects the changing value of this basket of major global currencies over time, providing insight into exchange rate dynamics and international liquidity.
Methodology
The SDR value is calculated daily by the IMF based on exchange rates for the US dollar, euro, Chinese renminbi, Japanese yen, and British pound.
Historical Context
Policymakers and analysts monitor the SDR trend to gauge global reserve currency composition and the international monetary system's health.
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 major global currencies, currently the US dollar, euro, renminbi, yen, and pound.
- Central banks and governments use SDRs to support their foreign exchange operations and liquid asset holdings.
FAQs
Q: What does this economic trend measure?
A: The Special Drawing Rights (SDR) annual trend measures the changing value of the IMF's international reserve asset, which is used to supplement the official reserves of member countries.
Q: Why is this trend relevant for users or analysts?
A: The SDR trend provides insight into global reserve currency dynamics and the health of the international monetary system, making it a key indicator for policymakers and financial analysts.
Q: How is this data collected or calculated?
A: The SDR value is calculated daily by the IMF based on exchange rates for the US dollar, euro, Chinese renminbi, Japanese yen, and British pound.
Q: How is this trend used in economic policy?
A: Central banks and governments use SDRs to support their foreign exchange operations and liquid asset holdings, so the SDR trend is closely monitored by policymakers and analysts.
Q: Are there update delays or limitations?
A: The SDR data is updated daily by the IMF, providing timely information on this important global reserve asset.
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Citation
U.S. Federal Reserve, Special Drawing Rights, Annual (XFORSD01FRA194N), retrieved from FRED.