International Financial Statistics , August 2017
Since January 1, 1981, the value of the Special Drawing Right (SDR) has been determined based on the currencies of the five member countries having the largest exports of goods and services during the 5-year period ending one year before the date of the latest revision to the valuation basket.
READ MORE...
Volume/Issue:
Volume 2017
Issue 008
Publication date:
ISBN:
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
Topics covered in this book
This title contains information about the following subjects.
Click on a subject if you would like to see other titles with the same subjects.
Summary
This paper discusses currencies’ relative importance in international trade and finance, the weights are based on the value of the exports of goods and services of the members issuing these currencies and the balances of their currencies officially held by members of the IMF. From January 1981 to December 1985, the currencies and currency weights of the five members having the largest exports of goods and services during 1975–1979 were the US dollar, 42 percent; deutsche mark, 19 percent; French franc, Japanese yen, and pound sterling, 13 percent each. From January 1986 through December 1990, reflecting the 1980–1984, the weights had changed to US dollar, 42 percent; deutsche mark, 19 percent; Japanese yen, 15 percent; French franc and pound sterling, 12 percent each. From January 1991 to December 1995, reflecting the years 1985–1989, the weights were US dollar, 40 percent; deutsche mark, 21 percent; Japanese yen, 17 percent; French franc and pound sterling, 11 percent each.
Copyright © 2010 - 2024
Powered by:
AIDC
