Thread: IMF April 30, 2007

Originally Posted by neno

Iraq: Exchange Rate
as of April 30, 2007
The SDR is an international reserve asset created by the IMF in 1969 and serves as its unit of account. The currency value of the SDR is determined by summing the values in U.S. dollars of a basket of major currencies.



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(in SDRs per Currency unit)

Date Exchange Rate
April 30, 2007 0.000516326
April 28, 2006 0.000460244
April 29, 2005 0.000451682
September 22, 2004 0.000466938
September 08, 2003 2.53758
April 30, 2002 2.53758
April 30, 2000 2.43852
April 30, 1999 2.38074
April 30, 1998 2.38881
April 30, 1997 2.3558
April 30, 1996 2.21848
April 30, 1995 2.04504
April 30, 1994 2.26323
April 30, 1993 2.26004
April 30, 1992 2.34852
April 30, 1991 2.39924
April 30, 1990 2.46985
April 28, 1989 2.48283
April 29, 1988 2.32407
April 30, 1987 2.46269
April 30, 1986 2.73556
April 30, 1985 3.24557



Disclaimer
The information provided is for your convenience and is not intended to replace other official IMF reports and statements.

Iraq: Financial Position in the Fund


Iraq: Exchange Rate as of April 30, 2007

Just noticed something, probably not signifcant, but interesting nontheless.

If you take the last pre war rate:

September 08, 2003 2.53758

Divide by 2 and what do you get?............1.265!

Something that makes you go hmmmmmmmmmmmm...........

I don't post often but read every day so, my thanks to all who contribute and work hard to keep us all updated, it really is appreciated!

Sara

Originally Posted by lonelyintexas

Iraq is on the 1000 fil system.
LIT

yes agreed... I have .655 on the end of my balance at Warka

Originally Posted by neno

HardWood, it makes no sence at all. That would be like $510. for a Million Dinar. And we know that isn't right. Going to find some answers. BBL

Originally Posted by lonelyintexas

Iraq is on the 1000 fil system.
LIT

Friday
May 18, 2007
1 USD =
0.660185 SDR

1 SDR =
1.51473 USD

SDR Interest Rate = 4.22%

Exchange Rate Archives by Month

Notes:
The value of the U.S. dollar in terms of the SDR is the reciprocal of the sum of the dollar values, based on market exchange rates, of specified quantities of the first four currencies shown. See SDR Valuation.

The value in terms of the SDR of each of the other currencies is derived from that currency's representative exchange rate against the U.S. dollar as reported by the issuing central bank and the SDR value of the U.S. dollar, except for the Iranian rial and the Libyan dinar, the values of which are officially expressed directly in terms of domestic currency units per SDR. All figures are rounded to six significant digits. See Representative Exchange Rates for Selected Currencies.

The value in terms of each national currency of the SDR (shown above) is the reciprocal of the value in terms of the SDR of each national currency, rounded to six significant digits.


SDR Valuation

The currency value of the SDR is determined by summing the values in U.S. dollars, based on market exchange rates, of a basket of major currencies (the U.S. dollar, Euro, Japanese yen, and pound sterling). The SDR currency value is calculated daily and the valuation basket is reviewed and adjusted every five years.



Friday, May 18, 2007
Currency Currency amount under Rule O-1 Exchange rate 1 U.S. dollar equivalent Percent change in exchange rate against U.S. dollar from previous calculation
Euro 0.4100 1.34730 0.552393 -0.355
Japanese yen 18.4000 120.75000 0.152381 0.323
Pound sterling 0.0903 1.97070 0.177954 -0.309
U.S. dollar 0.6320 1.00000 0.632000

1.514728
U.S.$1.00 = SDR 0.660185 2 0.134 3
SDR1 = US$ 1.51473 4

Notes:
(1) The exchange rate for the Japanese yen is expressed in terms of currency units per U.S. dollar; other rates are expressed as U.S. dollars per currency unit.
(2) IMF Rule O-2(a) defines the value of the U.S. dollar in terms of the SDR as the reciprocal of the sum of the equivalents in U.S. dollars of the amounts of the currencies in the SDR basket, rounded to six significant digits. Each U.S. dollar equivalent is calculated on the basis of the middle rate between the buying and selling exchange rates at noon in the London market. If the exchange rate for any currency cannot be obtained from the London Market, the rate shall be the middle rate between the buying and selling exchange rates at noon in the New York market or, if not available there, the rate shall be determined on the basis of euro reference rates published by the European Central Bank.
(3) Percent change in value of one U.S. dollar in terms of SDRs from previous calculation.
(4) The reciprocal of the value of the U.S dollar in terms of the SDR, rounded to six significant digits.
Prepared by the IMF Finance Department

Disclaimer
The International Monetary Fund makes no warranties, express or implied, regarding these tables or the performance of this site. The Fund shall not be liable for any losses or damages incurred in connection with this site.

SDR Valuation

Thanks guys, interetsting research, but all that ends up being is that there is no arbitrage opportunity in trading.

1 unit of currency is a Dollar, Dinar etc. Technically a FIL is 1/100th of a unit of currency not actually a full unit of currency on it's own.

If you work it out, and i could be wrong you will get this.

0.000516326 IQD:SDR
0.660185 USD:SDR

0.000782093 IQD:USD
1278.620484 USD:IQD Basically the Cash Exchange rate on the 30th April. I did not use the USD:SDR rate as at the 30th April sorry but i figure it should be close.

Does not matter how many different ways you want to move the decimal point 3 places, you should always end up with the same figue.

As i said at the start, was definately interesting to go through and not a bad thought to have. Just does not work out in my opinion.

Keep up the good work, and keep all toes and legs crossed. Fingers and arms are required to do the typing :D

Have we come up with a consensus
on this yet, after a good nights sleep?

I am only on my second cup of joe and

still not clear on this.

nobody knows; it's just fun to play 'what-if' with the numbers

CBI opens again tomorrow.... One day closer and another chance to "Shock the World"!!

OK, WHAT IF:

Originally Posted by neno

I got a Daughter Graduating in the Morning. I must retire for the Night. I will make some calls tomorrow as soon as I can to find out for sure. My Opinion...this can be Hugh...

Ohhhh, you have a child graduating. That's very exciting. Is she graduating high school or college?