CAD/SDR (IMF)

The International Monetary Fund (IMF) exchange rates are calculated on the basis of Special Drawing Rights (SDR), which serve as the Fund\'s international reserve asset and official unit of account. The value of the SDR is determined daily in US dollars based on a weighted basket of five major international currencies: the US Dollar, Euro, Chinese Renminbi, Japanese Yen, and British Pound Sterling, reflecting representative market exchange rates at noon London time. Based on this SDR valuation, the IMF publishes daily exchange rates for a broad range of member currencies using official market data provided by national central banks. These rates are essential for conducting financial transactions between member states and the IMF, evaluating global reserve assets, executing international settlements, and standardizing global macroeconomic reporting.