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Q 2(b) [10 Marks]

The Special Drawing Right (SDR) is a currency basket to supplement the

official

reserves of member states. The table below displays the currency amounts and the

exchange rates recorded on February 12, 2016.


Currency Amount Exchange 

Euro 0.423. 1.1277$/€ 

Jpn Yen 12.1 112.58¥/$ 

GBP 0.111 1.4534$/£ 

US dollar 0.66 1 


What is the US dollar price of the SDR?

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