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iPath EUR/USD Exchange Rate ETN Stock Quote & Summary Data

(ETF)
ERO 
$50.49
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*Delayed - data as of Aug. 22, 2014  -  Find a broker to begin trading ERO now


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Description

The EUR/USD Exchange Rate ETN return on the Securities is linked to the performance of the euro / U.S. dollar exchange rate (the "EUR/USD exchange rate" or the "Index"). The EUR/USD exchange 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.


Underlying Index Euro/U.S. Dollar Exchange Rate
Management Fee 0.4
Asset Class Currency
Leverage 1

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