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c1ue
05-20-09, 01:54 PM
Just noticed this...

http://cbr.ru/eng/currency_base/D_print.asp?date_req=21.05.2009



Central Bank of the Russian Federation has set from 21.05.2009 , the following exchange rates of foreign currencies against the Russian Ruble for accounting purposes and customs payments*
Date format: (dd/mm/yyyy)

http://cbr.ru/images/temp.gifUnit CurrencyRate1 Australian Dollar 24.5694 1 British Pound Sterling 49.2819 1000 Belarussian Ruble 11.4763 10 Danish Krone 58.2306 1 US Dollar 31.8009 1 Euro 43.2460 100 Iceland Krona 24.9722 100 Kazakh Tenge 21.1182 1 Canadian Dollar 27.5118 10 China Yuan Renminbi 46.5940 10 Norwegian Krone 49.4686 1 SDR 48.4003 1 Singapore Dollar 21.7219 1 Turkish Lira 20.6768 10 Ukrainian Hryvnia 41.8433 10 Swedish Krona 41.4382 1 Swiss Franc 28.6469 100 Japanese Yen 33.1484

bart
05-20-09, 04:20 PM
The dollar and the SDR, since 1971.

Note that the dollar index has been inverted and should be read on the right hand scale.



http://www.nowandfutures.com/images/sdr_usd_long.png




Same, but just since 2000:

http://www.nowandfutures.com/images/sdr_usd.png

ThePythonicCow
05-21-09, 09:07 AM
So am I reading these charts correctly when it seems that the dollar and SDR were somewhat positively correlated in the 1980's, but very negatively correlated since 2000?

bart
05-21-09, 10:17 AM
So am I reading these charts correctly when it seems that the dollar and SDR were somewhat positively correlated in the 1980's, but very negatively correlated since 2000?

Yep, that's my take too. It switched in the mid '90s.

c1ue
05-21-09, 10:41 AM
Bart,

It is not surprising that the SDR tracks the dollar - especially since we all know that the originator of the SDRs is actually controlled by the US.

My point was that I had not before ever noticed SDRs announced as a public basket of currency exchange values.

Some acronymic and academic pseudo currency which only is exchanged between CBs is not the same as a real world proxy for value.

Case in point: the $1000 bill. Sure, it exists. But just try to cash one :eek:

bart
05-21-09, 01:35 PM
Bart,

It is not surprising that the SDR tracks the dollar - especially since we all know that the originator of the SDRs is actually controlled by the US.

My point was that I had not before ever noticed SDRs announced as a public basket of currency exchange values.

Some acronymic and academic pseudo currency which only is exchanged between CBs is not the same as a real world proxy for value.

Case in point: the $1000 bill. Sure, it exists. But just try to cash one :eek:


Yep, no worries.

I just posted those charts to show how long the SDR had been around, to show the dollar percentage of the SDR variations and also to show that shift in correlation.