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The value of the SDR is set daily by the IMF on the basis of fixed currency amounts of the currencies included in the SDR basket and the daily market exchange rates between the currencies included in the SDR basket. SDRs are only allocated to IMF members that elect to participate in the SDR Department.

Factsheet: Special Drawing Rights (SDR) The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries' official reserves.

Information USD TO SDR CONVERSION RATESDR TO USD CONVERSION RATE2023$1 USD = 0.7341 SDR1 SDR = $1.3623 USD2022$1 USD = 0.6998 SDR1 SDR = $1.4290 USD2021$1 USD = 0.7242 SDR1 SDR = $1.3808 USD2020$1 USD = 0.7222 SDR1 SDR = $1.3847 USD8 more rows

There have been four general allocations, most recently in 2021, when the IMF's Board of Governors approved a general allocation of about SDR 456 billion, equivalent to US$650 billion, to boost global liquidity.

The IMF issues an international reserve asset known as Special Drawing Rights, or SDRs, that can supplement the official reserves of member countries. Total global allocations are currently about SDR 204.2 billion, about $293 billion. IMF members can voluntarily exchange SDRs for currencies among themselves.

Quotas are the building blocks of the IMF's financial and governance structure. An individual member country's quota broadly reflects its relative position in the world economy. Quotas are denominated in Special Drawing Rights (SDRs), the IMF's unit of account.

The SDR is an international reserve asset. The SDR is not a currency, but its value is based on a basket of five currencies?the US dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling.