SDR Interest Rate
(As of December 31, 2017)
|Currency Unit||Currency Amount under Rule O-1 (A)||Exchange Rate against the SDR1 (B)||Interest Rate2 (C)||Product (A) x (B) x (C)|
|Floor for SDR Interest Rate||0.050|
|SDR Interest Rate3||0.743|
SDR per currency rates are based on the representative exchange rate for each currency. Chinese renminbi refers to the name of the currency, while Chinese yuan refers to the currency unit.
Interest rate on the short-term (three-month) financial instrument of each component currency in the SDR basket is expressed as an equivalent annual bond yield.
IMF Rule T- 1 specifies that the SDR interest rate for each weekly period commencing each Monday shall be the higher of (i) the combined market interest rate or (ii) 0.050 percent (5 basis points). The combined market interest rate is the sum, as of the Friday preceding each weekly period, rounded to three decimal places, of the products that result from multiplying each yield or rate listed above by the value in terms of SDRs of the amount of the corresponding currency specified in Rule O-1. If a yield or rate is not available for a particular Friday, the calculation shall be made on the basis of the latest available yield or rate.