Currency Amounts in the SDR Basket - Proposed Changes to the Rounding Methodology
Policy Papers, July 13, 2016
Source details
- Canonical URL
- Currency Amounts in the SDR Basket - Proposed Changes to the Rounding Methodology
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Bibliographic details
- Published: July 13, 2016
- Series: Policy Papers
Summary of purpose and use
- Currency amounts are the number of units of each currency in the SDR basket used to determine the daily value of the SDR.
- The value of the SDR (in U.S. dollars) is the sum of these currency amounts, valued at daily exchange rates of the currencies against the U.S. dollar.
- These currency amounts remain fixed over the SDR valuation period.
Determination and timing
- Currency amounts are determined on the last business day before the new SDR basket becomes effective (transition date).
- Determination is performed such that the currency amounts correspond to the currency weights determined by the IMF Executive Board in the context of the SDR Review.
- To facilitate SDR users in adjusting their portfolios to the new basket, the IMF publishes illustrative currency amounts in the lead up to the transition date.
Publication and access
- Publication title: Currency Amounts in the SDR Basket - Proposed Changes to the Rounding Methodology
- Publication date: July 13, 2016
- Format: web landing page (PDF available for download)
- Subject keywords listed: Basket of currencies, Executive Board decisions, Lapse of time approval, Rule O-2, SDR valuation basket, SDR valuation method
Notable procedural points
- Illustrative currency amounts are published prior to the transition date to assist market participants and SDR users with portfolio adjustments.
- The methodology links currency amounts directly to Executive Board–determined currency weights and fixes those amounts for the entire valuation period.
International Monetary Fund — Currency Amounts in the SDR Basket - Proposed Changes to the Rounding Methodology (July 13, 2016).