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EUR/USD Exchange Rate ETN (ERO) |


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WIKI ANALYSIS| This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund. |
EUR/USD Exchange Rate ETN (ERO)
OverviewThe iPath EUR/USD Exchange Rate ETN provides exposure to the Euro/U.S. dollar exchange rate.
The EUR/USD excha nge rate is a foreign exchange spot rate that measures the relative values of two currencies, the euro and the U.S. dollar. When the euro appreciates relative to the U.S. dollar, the EUR/USD exchange rate (and the value of the Securities) increases; when the euro depreciates relative to the U.S. dollar, the EUR/USD exchange rate (and the value of the Securities) decreases. The EUR/USD exchange rate is expressed as a rate that reflects the number of U.S. dollars that can be exchanged for one euro in the interbank market for settlement in two days. [1]
Fund Information
Top Holdings Returns| Commodity | Ticker | ' | Trading Facility | Sector |
| EUR/USD Exchange Rate | EURUSD WMCO | Interbank Market | Currency | |
| Deposit Rate | EONIA | N/A | Currency | |
As of 12/17/2009
Source : [2]
Other Currency ETFs
ReferencesCategories: ETF | Topic | Currency ETFs



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