Thread: IMF April 30, 2007

Originally Posted by pluginprofits

The only problem I see with this is that you are already working in USD.Therefore it is .78 per dinar.
Like you stated 1 sdr = 1.51473 USD
1 dinar = 0.000516326 sdr
all you do is multiply 1.51473 USD x .000516326 = .00078209448198
seeing we are already using the usd rate a 3 zero move equals .78209448198 usd not usd per dinar.

It is a Equation I would of never been able to explain. It was shown to me and then I made some calls to verify it with others that know the Mathmatics of the SDR. I am just passing this own as promised.

If I had know how to of figured this, then I wouldn't be neno. I have a hard enough time with SPELLING..... Thanks for your way of figuring it also. Means more to me when others are involved and still come up with the same results.

Also remember that 1.51473 USD is already a current SDR figure that Iraq does not implement as of yet. And we want them to stay with the Peg to the Dollar way.

This may be a stupid question...im not very good a math it was my worst subject...but anyway has anyone tried this formula with any other currency? Can anyone plug in the sdr numbers for say the country of say saudi arabi to this formula and see if in deed we are onto something...do i make any sense?

Originally Posted by dinartank

This may be a stupid question...im not very good a math it was my worst subject...but anyway has anyone tried this formula with any other currency? Can anyone plug in the sdr numbers for say the country of say saudi arabi to this formula and see if in deed we are onto something...do i make any sense?

But the Countries that do, are already figured for you here: SDRs per Currency unit for May 2007 Saudi Arabian Riyal, is there as well.

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.

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.

That the SDR has a standard figure (as of May 18 is 1.51473) when figuring what a SDR rate would be ofr a Country, by using the SDR Valuation Here: SDR Valuation

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

Originally Posted by neno

But the Countries that do, are already figured for you here: SDRs per Currency unit for May 2007 Saudi Arabian Riyal, is there as well.

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.

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.

I guess im misunderstanding......Im saying take the same formula as you did with iraq and do it with another country such as saudi arabia where you use this FIL dividing and see if it matches....does anyone know what im trying to say? Maybe its just a dumb question or im not understanding the whole thing

Originally Posted by dinartank

I guess im misunderstanding......Im saying take the same formula as you did with iraq and do it with another country such as saudi arabia where you use this FIL dividing and see if it matches....does anyone know what im trying to say? Maybe its just a dumb question or im not understanding the whole thing

Guess you are misunderstanding. I just gave you a way to find all the figures for what ever Country you want check.

So what relation does this SDR have ith a possible RV rate?

Originally Posted by dinartank

This may be a stupid question...im not very good a math it was my worst subject...but anyway has anyone tried this formula with any other currency? Can anyone plug in the sdr numbers for say the country of say saudi arabi to this formula and see if in deed we are onto something...do i make any sense?

''

I think this is what you are trying to do. (these are rough figures)

Kuwaiti Dinar 1.51473 x 2.266 (Kuwait SDR rate) = $3.43

So it looks like that formula does work.

Is that what you were after?

John

Originally Posted by jsfletcher

''

I think this is what you are trying to do. (these are rough figures)

Kuwaiti Dinar 1.51473 x 2.266 (Kuwait SDR rate) = $3.43

So it looks like that formula does work.

Is that what you were after?

John

Where you been Hiding? Last time you disappeared, I remember your dinar was in the basment that was flooding at the time. Hope all worked out. All the ways to get the figures are their in the Links to do the math. Thanks for Helping.

Originally Posted by ChiefWealth53

So what relation does this SDR have ith a possible RV rate?

With the figure from the IMF listed on April 30, 2007 and Iraq does use the Peg to the SDR in the New Letter of Intent that I wish could be found, then it would come to $1.27 TODAY.........