Special Drawing Rights, Quarterly
XFORSD01LUQ194N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
538,702,021.10
Year-over-Year Change
-8.55%
Date Range
1/1/1990 - 10/1/2014
Summary
The Special Drawing Rights (SDR) trend measures the value of the International Monetary Fund's (IMF) international reserve asset, used 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
The SDR is a supplementary foreign exchange reserve asset created by the IMF to support the global financial system. It is valued based on a basket of major world currencies and serves as a unit of account for the IMF and certain other international organizations.
Methodology
The SDR value is calculated daily by the IMF based on exchange rates of the basket of currencies.
Historical Context
Policymakers and analysts monitor the SDR to assess global liquidity and financial stability.
Key Facts
- The SDR basket currently consists of the U.S. dollar, euro, Chinese renminbi, Japanese yen, and British pound.
- SDRs can be exchanged for freely usable currencies.
- The IMF allocates SDRs to member countries to supplement their official reserves.
FAQs
Q: What does this economic trend measure?
A: The Special Drawing Rights (SDR) 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: Policymakers and analysts monitor the SDR to assess global liquidity and financial stability, as it serves as a unit of account for the IMF and other international organizations.
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 of currencies.
Q: How is this trend used in economic policy?
A: The SDR is used by policymakers and analysts to evaluate global financial conditions and liquidity, as it serves as a supplementary foreign exchange reserve asset.
Q: Are there update delays or limitations?
A: The SDR data is updated quarterly and may be subject to revisions by the IMF.
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Citation
U.S. Federal Reserve, Special Drawing Rights, Quarterly (XFORSD01LUQ194N), retrieved from FRED.