Special Drawing Rights, Monthly
XFORSD01IEM194N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,083,973,143.00
Year-over-Year Change
18.07%
Date Range
1/1/1958 - 12/1/2014
Summary
The Special Drawing Rights (SDR) monthly trend measures the value of the IMF's international reserve asset used to supplement the official reserves of member countries. It's a key indicator of global economic conditions and influences international financial 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 Special Drawing Right (SDR) is an international reserve asset created by the International Monetary Fund (IMF) to supplement the official reserves of member countries. The monthly SDR valuation reflects the exchange rates of the basket of major global currencies that determine its value.
Methodology
The SDR value is calculated daily by the IMF based on exchange rates of the U.S. dollar, euro, Chinese renminbi, Japanese yen, and British pound.
Historical Context
Policymakers and analysts monitor the SDR to gauge global economic and financial trends that impact international trade, investment, and monetary policy.
Key Facts
- The SDR was created by the IMF in 1969.
- The SDR currency basket is reviewed every 5 years.
- The SDR is used in IMF lending and transactions.
FAQs
Q: What does this economic trend measure?
A: The Special Drawing Rights (SDR) monthly trend measures the value of the IMF's international reserve asset used to supplement the official reserves of member countries.
Q: Why is this trend relevant for users or analysts?
A: The SDR valuation is a key indicator of global economic and financial conditions that influences international trade, investment, and monetary policy.
Q: How is this data collected or calculated?
A: The SDR value is calculated daily by the IMF based on exchange rates of 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 monitor the SDR to gauge global economic and financial trends that impact international trade, investment, and monetary policy.
Q: Are there update delays or limitations?
A: The SDR is updated daily by the IMF, providing timely data on this important international reserve asset.
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Citation
U.S. Federal Reserve, Special Drawing Rights, Monthly (XFORSD01IEM194N), retrieved from FRED.