Most Affordable Currency ETFs

RELATED QUOTES

SymbolPriceChange
UUP21.34-0.03
FXE136.50+0.08
FXY95.35+0.13

The exchange-traded fund (ETF) industry has grown into a trillion dollar business since the first ETF was launched 20 years ago. Today's traders and investors have access to a growing number of ETFs, offering exposure to a wide variety of popular and niche markets. One of these is the currency ETF market, providing exposure to both individual as well as baskets of currencies. Here we will take a look at some of the more popular currency ETFs on the market today.

PowerShares DB USD Index Bullish (UUP)
The PowerShares DB USD Index Bullish ETF tracks the Deutsche Bank Long US Dollar Futures Index (USDX), designed to replicate the performance of long USD contracts against a basket of the six major world currencies - the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc. UUP, which was launched on Feb. 20, 2007, has an expense ratio of 0.80%, total net assets of $646,286,460, and an average three-month volume of more than 1.1 million.

CurrencyShares Euro Currency Trust (FXE)
The CurrencyShares Euro Trust tracks the price of the euro; its holdings consist entirely of the euro. The euro is the currency of 17 European Union (EU) nations and is the second-most traded currency in the world, accounting for just over 39% of global currency transactions. Launched on Dec. 8, 2005, FXE has an expense ratio of 0.40%, total net assets of $225,597,106 and an average three-month volume of more than 500,000.

CurrencyShares Japanese Yen Trust (FXY)
The CurrencyShares Japanese Yen Trust tracks the price of the Japanese yen; its holdings consist entirely of this currency. The Japanese yen is the world's third most traded currency, accounting for 19% of worldwide foreign exchange transactions. With an inception date of Feb. 12, 2007, FXY has an expense ratio of 0.40%, total net assets of $174,306,899 and an average three-month volume of over 400,000.

CurrencyShares Australian Dollar Trust (FXA)
The CurrencyShares Australian Dollar Trust was designed to track the price of the Australian dollar; its holdings consist entirely of the Australian dollar. The Australian dollar ranks as the world's fifth most traded currency, accounting for 7.6% of foreign exchange transactions worldwide. The fund, which was launched on June 21, 2006, has an expense ratio of 0.40%, total net assets of $624,071,328 and an average three-month volume of 157,143.

Other Currency ETFs
The table below lists the 24 non-leveraged currency ETFs that are currently available to investors and traders. They are listed in order of expense ratio, from lowest to highest.

Ticker

Description

Currency

Expense Ratio

FXA

CurrencyShares Australian Dollar Trust

AUD

0.40%

ERO

Barclays PLC iPath EUR/USD Exchange Rate ETN

EUR

0.40%

FXS

CurrencyShares Swedish Krona Trust

SEK

0.40%

FXB

CurrencyShares British Pound Sterling Trust

GBP

0.40%

FXCH

CurrencyShares Chinese Renminbi Trust

RMB

0.40%

GBB

iPath Goldman Sachs iPath GBP/USD Exchange Rate ETN

GBP

0.40%

FXE

CurrencyShares Euro Currency Trust

EUR

0.40%

FXC

CurrencyShares Canadian Dollar Trust

CAD

0.40%

FXF

CurrencyShares Swiss Franc Trust

CHF

0.40%

JYN

BARCLAYS BANK PLC iPath JPY/USD Exchange Rate ETN

JPY

0.40%

FXY

CurrencyShares Japanese Yen Trust

JPY

0.40%

BZF

WisdomTree Dreyfus ETF BZ Real FndFund

BRL

0.45%

ICN

WisdomTree Dreyfus Indian Rupee Fund ETF

INR

0.45%

CYB

WisdomTree Dreyfus Chinese Yuan FdFund

RMB

0.45%

CEW

WisdomTree Dreyfus Emerging Currency Fund

Emerging Markets

0.55%

CCX

Wisdomtree Commodity Currency Fund

Diversified

0.55%

CNY

Market Vectors-Chinese Renminbi/USD ETN

RMB

0.55%

INR

Market Vectors-Indian Rupee/USD ETN

INR

0.55%

ICI

iPath Optimized Currency Carry ETN

Diversified

0.65%

UUP

PowerShares DB USD Index Bullish

USD

0.80%

DBV

PowerShares DB G10 Currency Harvest

Diversified

0.81%

JEM

iPath GEMS Index ETN

Diversified

0.89%

AYT

iPath GEMS Asia 8 ETN

Diversified

0.89%

PGD

iPath Asian & Gulf Currency Revaluation ETN

Diversified

0.89%

Today's currency exchange-traded funds, listed in order of expense ratio from lowest to highest.

The Bottom Line
The foreign exchange markets boast more than $4 trillion in average daily trading volume, which makes it the largest financial market in the world. Currency ETFs provide investors with exposure to a particular currency or a basket of currencies, which allows access to multiple foreign currencies. Today there are 24 currency ETFs on the market, and it is important to note that some are very thinly traded. The four funds highlighted here are the ones that are the most actively traded. As with any investment, it is important to perform appropriate research prior to making any investment decisions.



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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2572-0.0009-0.07%
    USDSGD=X
    1.7399-0.0003-0.02%
    EURSGD=X
    2.1117-0.0021-0.10%
    GBPSGD=X
    81.3401+0.0481+0.06%
    SGDJPY=X
    6.1670+0.0044+0.07%
    SGDHKD=X
    2.6010+0.0027+0.10%
    SGDMYR=X
    9,203.0645-52.9619-0.57%
    SGDIDR=X
    4.9786+0.0117+0.24%
    SGDCNY=X
    1.1660+0.0007+0.06%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,293.50+2.90+0.22%
    GCM14.CMX
    19.57-0.12-0.62%
    SIK14.CMX
    91.62-1.25-1.35%
    ^XAU
    3.11-0.01-0.27%
    HGK14.CMX
    101.61-0.33-0.32%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
    2.690.00
    ^TNX
    3.460.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    2.22+0.010+0.45%
    JS8.SI
    1.165+0.015+1.30%
    U6C.SI
    0.121-0.002-1.63%
    B22.SI
    1.335-0.020-1.48%
    G13.SI
    1.27+0.055+4.53%
    S53.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.21+0.020+10.53%
    F86.SI
    0.167+0.015+9.87%
    5HH.SI
    0.116+0.010+9.43%
    O2I.SI
    0.72+0.050+7.46%
    5DP.SI
    1.315+0.084+6.82%
    O9A.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.141-0.013-8.44%
    5GD.SI
    0.15-0.009-5.66%
    5EL.SI
    0.151-0.009-5.63%
    A03.SI
    0.295-0.015-4.84%
    5IG.SI
    0.30-0.015-4.76%
    K29.SI