Special Drawing Rights, Annual
XFORSD01LUA194N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
538,702,021.10
Year-over-Year Change
371.48%
Date Range
1/1/1990 - 1/1/2014
Summary
The Special Drawing Rights (SDR) Annual trend measures the value of SDRs, an international reserve asset created by the International Monetary Fund (IMF) to supplement national currency 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
The SDR is a synthetic currency unit based on a basket of major global currencies. This metric is important for assessing the relative stability and purchasing power of international reserves.
Methodology
The IMF calculates and publishes the SDR value based on the exchange rates of the component currencies.
Historical Context
SDR trends are closely monitored by central banks, governments, and financial institutions for insights into global monetary policies and reserve management.
Key Facts
- The SDR basket currently includes the US dollar, euro, Chinese renminbi, Japanese yen, and British pound.
- SDRs can be exchanged for freely usable currencies.
- The value of SDRs is calculated daily by the IMF.
FAQs
Q: What does this economic trend measure?
A: The Special Drawing Rights (SDR) Annual trend measures the value of SDRs, an international reserve asset created by the IMF to supplement national currency reserves.
Q: Why is this trend relevant for users or analysts?
A: SDR trends are closely monitored by central banks, governments, and financial institutions for insights into global monetary policies and reserve management.
Q: How is this data collected or calculated?
A: The IMF calculates and publishes the SDR value based on the exchange rates of the component currencies.
Q: How is this trend used in economic policy?
A: SDR trends provide insights into global monetary policies and reserve management, which are key considerations for central banks, governments, and financial institutions.
Q: Are there update delays or limitations?
A: The SDR value is calculated and published daily by the IMF, with minimal delays.
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Citation
U.S. Federal Reserve, Special Drawing Rights, Annual (XFORSD01LUA194N), retrieved from FRED.